National Mortgage Complaint Center Expands Its Free Mortgage Junk Fee Review For Homeowners Who Refinanced In Late …
The National Mortgage Complaint Center is dramatically increasing its investigation of national title insurance companies, and or national mortgage banks up-charging third party costs.
Read more on PRWeb via Yahoo! News…
Here is some national data on the number of distressed sales in Q2, and the types of homebuyers. This is from a survey by Campbell Communications (excerpted with permission). Source: Summary Report–Real Estate Agents Report on Home Purchases and Mortgages , Campbell Communications, June 2009 Click on graph for larger…
From Nick Timiraos and James Hagerty at the WSJ: High-End Homes Frozen Out of Budding Housing Rebound Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper end,…
Note: Any reading below 100 shows contraction for this index. From the National Restaurant Association (NRA): Restaurant Industry Outlook Remained Uncertain In June as Restaurant Performance Index Declined for Second Consecutive Month The restaurant industry’s economic challenges continued to persist in June, as the National Restaurant Association’s comprehensive index of…
The investment slump continued in Q2 … Click on graph for larger image in new window. Residential investment (RI) has been declining for 14 consecutive quarters, and the decline in Q2 was still very large – a 29.3% annual rate in Q2. This puts RI as a percent of GDP…
For graphs based on the new home sales report this morning, please see: New Home Sales increase in June, Highest since November 2008 Last week the National Association of Realtors (NAR) reported that distressed properties accounted 31 percent of sales in June. Distressed sales include REO sales (foreclosure resales) and…
From the LA Times: ‘Cash for clunkers’ rules are released, sparking a rush The law creating the $1-billion program went into effect July 1, but many dealers were reluctant to participate until they got a look at the rules. The arrival of the 100-plus-page document Friday morning sparked a registration…
Mortgage Blogging: What’s In It for Me Anyhow? Wednesday, July 22, 2009 4:00 PM – 5:00 PM EDT With the launch of the new blog that Mark Green and I are rolling out shortly for the National Association of Mortgage Brokers, we wanted to start a short series of…
From Bloomberg: Harvard’s Feldstein Sees Risk of ‘Double-Dip’ Recession in U.S. … “There is a real danger this is going to be a double dip and that after six months or so we’ll have some more bad news,” [Martin] Feldstein, the former head of the National Bureau of Economic Research…
From the SacBee: Schwarzenegger, lawmakers reach state budget agreement Gov. Arnold Schwarzenegger and legislative leaders agreed Monday to balance Californias $26 billion deficit … The proposal includes spending cuts to programs ranging from schools to welfare-to-work to prisons. It takes money from local governments, including borrowing $2 billion that the…