National News

Fewer Homeowners Heading for Foreclosure

A new study found that there are fewer homeowners heading into

U.S. Government Speeding Foreclosure Resales Up

The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials

NAHB Hopeful New Construction Market Will Rebound This Year

The National Association of Home Builders hopes that this is the year for a rebound. There is reportedly more interest from potential buyers, the organization said, and new housing construction has increased during the month of

MBA Reports Decrease in Mortgage Applications

The Mortgage Bankers Association (MBA) released yesterday its Weekly Mortgage Applications Survey for the week ending February 11, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.5 percent on a seasonally adjusted basis from

Housing Starts Up 14.6 Percent in January

According to mam.Econoday.com, U.S. housing starts have climbed in the month of

Homesellers Cut Prices to Accommodate Prospective Buyers

Homesellers continue to discount their asking price in an attempt to entice buyers to move towards a purchase according to a report issued by national real estate brokerage

Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter

Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according

Clear Capital Reports U.S. Home Prices Show Life in 2011

Clear Capital has released its monthly Home Data Index (HDI) Market Report, and reports positive indicators for home prices in

Obama Administration Winding Down Fannie Mae and Freddie Mac

Yesterday, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance

Foreclosure Activity Stalls

RealtyTrac released yesterday its U.S. Foreclosure Market Report for January 2011, which shows foreclosure filings this month have increased 1 percent from last month but a 17 percent decrease from January

Zillow Chief Economist Optimistic About Housing Market

Zillow released yesterday its Q4 2010 Real Estate Market Report. The online real estate portal that recently merged with Yahoo! says that despite less-than-impressive numbers in the end of 2010, the market should see gains throughout the duration of

Survey Confirms Public Dissaproval of Current Lending Practices

As the government works to resolve a failed lending system for homebuyers, a survey released yesterday by MortgageMatch.com shows the majority of Americans agree that major change is

Obama Administration Releases January Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing

Strong Fourth Quarter Drives 2010 Mortgage Bankers Originations 36 Percent Above 2009 Levels

Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 – an increase of 36 percent from 2009, according to preliminary estimates based on the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers

Remodelers Expect Market Gain During 2011

The latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market

FHFA Proposes Rule on Private Transfer Fees

FHFA this week sent a proposed rule to the Federal Register to begin formal rulemaking on private transfer

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