mortgage loan Furniture
Summary for Week ending August 28th
It was a busy week … Existing Home Sales lowest since 1996, 12.5 months of supply The NAR reported: Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly…
Are lenders "procrastinating" on foreclosures?
From Jeff Horwitz and Kate Berry at American Banker: Procrastination on Foreclosures, Now ‘Blatant,’ May Backfire [S]ervicers are not initiating or processing foreclosures at the pace they could be. By postponing the date at which they lock in losses, banks and other investors positioned themselves to benefit from the slow…
CoreLogic: 11 Million U.S. Properties with Negative Equity in Q2
Note that the slight decline in homeowners with negative equity was mostly due to foreclosures. First American CoreLogic released the Q2 2010 negative equity report today. CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second…
MBA Q2 2010: 14.42% of Mortgage Loans Delinquent or in Foreclosure
The MBA reports that 14.42 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q2 2010 (seasonally adjusted). This is down slightly from the record 14.69 percent in Q1 2010. From the MBA: Delinquencies and Foreclosure Starts Decrease in Latest MBA National Delinquency Survey…
MBA Q2 National Delinquency Survey Conference Call
On the MBA conference call concerning the “Q2 2010 National Delinquency Survey”, MBA Chief Economist Jay Brinkmann said this morning: Survey covers about 88% of mortgage market. Mixed news in Q2. Percent of loans in foreclosure down. Foreclosure starts fell. 90+ day delinquent category dropped sharply. Some of this decline…


