The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Earlier …
Nationwide housing production rose 3.6 percent in October to a seasonally adjusted annual rate of 894,000 units, according to the U.S. Commerce Department. This is the highest pace of new-home construction since July of 2008.
“This report is in line with our latest builder surveys, which show improving confidence …
Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home Builders Housing Market Index (HMI) for November. This marks the seventh consecutive monthly gain in the confidence gauge and brings it to its highest point since May …
The U.S. Department of Housing and Urban Development (HUD) recently released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. In reporting on findings of the independent actuarial study, HUD indicates that while FHA continues to be impacted by …
Fannie Mae is acting to ease the burden facing homeowners in the path of Hurricane Sandy through an expanded package of options for new and existing mortgages.
"Since 2009, Fannie Mae has responded to the credit crisis by providing approximately $3 trillion in liquidity to the mortgage market so …
The Mortgage Bankers Association reported the seasonally adjusted delinquency rate fell 18 basis points during the third quarter of 2012 to 7.4 percent, erasing the 18 basis point increase from the previous quarter.
The lower delinquency rate was driven almost entirely by a sizable drop in the share of …
If your property has languished on the market since summer or fall, REALTOR® Rae Catanese has this uplifting news.
Catanese recently blogged that anyone shopping for a home during the holidays is most likely a serious buyer, and she wouldn’t sway people from listing their home for sale during …
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for November showing what a healthy national housing market should look like taking into account recent trends, key housing indicators and the shifting demographic patterns that will define a new and realistic trajectory over the next five years. A …
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarter of 2012, a decrease of 18 basis points from the second quarter of 2012, and a decrease of 59 …
When it comes to choosing a mortgage, it’s more important than ever for prospective buyers—or current owners looking to refinance—to understand the wide range of mortgage loans available. Whether you’re in the market for a home mortgage, looking to refinance or jump on the green bandwagon with energy efficient upgrades, …