Archive for the ‘Trends’ Category

Nearly $20 Billion in U.S. Mortgage Apps Scarred by Fraud

Wednesday, October 29th, 2014


Mortgage Applications

CoreLogic has released its latest Mortgage Fraud Report, which found that at the end of the second quarter of 2014, the report shows a 3.2 percent year-over-year increase in fraud risk, as measured by the Mortgage Application Fraud Risk Index, and estimates that applications representing approximately $3.3 billion in mortgage debt contained elements of fraud or serious misrepresentations in the second quarter of 2014.Click to continue

Mortgage Apps Decline 6.6 Percent Week Over Week

Wednesday, October 29th, 2014


Mortgage Application Pic

Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 24, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier.Click to continue

The World’s Least Affordable Housing Market Is …

Wednesday, October 29th, 2014


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While affordable housing (or the lack thereof) has become an increasingly thorny problem in the U.S. real estate world, it would appear that the situation is even worse overseas.Click to continue

HSH.com: Fixed-Rates Again Eclipse the Four Percent Mark

Wednesday, October 29th, 2014


House and Money Scale

Rates on the most popular types of mortgages firmed up for the first time since mid-September, according to HSH.com's Weekly Mortgage Rates Radar. In the last week, the average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.04 percent. Conforming 5/1 Hybrid ARM rates also increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.05 percent.Click to continue

FDIC: Unbanked U.S. Households Decline to 9.6 Million

Wednesday, October 29th, 2014


Bank Exterior/Credit: John Foxx

The Federal Deposit Insurance Corporation (FDIC) has released the results of the Click to continue

S&P/Case-Shiller Data Confirm Deceleration in Home Prices

Tuesday, October 28th, 2014


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Reasons to be optimistic about a return to housing vibrancy received a setback in the latest data released Tuesday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.Click to continue

Zillow: Mortgage Rates Rise Slightly, But Remain Below Four Percent Mark

Tuesday, October 28th, 2014


For Sale/Credit: Stockbyte

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.85 percent, up four basis points from this time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.Click to continue

Commercial-Multifamily Originations See 18 Percent Quarterly Rise

Tuesday, October 28th, 2014


Commercial Real Estate

According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2014 commercial and multifamily mortgage loan originations were 16 percent higher than during the same period last year, and 18 percent higher than the second quarter of 2014.Click to continue

Trulia: Markets Where Obama Won in 2012 Have Lowest Housing Affordability

Monday, October 27th, 2014


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The expression “limousine liberal” might have new degree of resonance based on the 2012 election. According to a study by Trulia that rated the housing affordability levels in the nation’s 100 largest metro markets based on their 2012 presidential vote, markets that brought President Obama back for a second term have the lowest level of affordable housing in the nation.Click to continue

Pending Home Sales Stand Pat in September

Monday, October 27th, 2014


House Sold Pic

Pending home sales rose slightly in September, and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors (NAR).&nbspClick to continue