Monthly Archives: August 2012

HARP Booms But Banks Shy Away on Disclosures

The HARP 2.0 program finally hit its stride in June as GSE lenders refinanced 126,000 high LTV loans, including 53,750 mortgages with loan-to-value ratios north of 125%. Loan production under the Home Affordable Refinancing Program nearly doubled from May to … Continue reading

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Mortgage Rates Fall Back To Recent Lows

Mortgage rates moved moderately lower today in most cases.  Although the drop wasn’t fast-paced or abrupt, the recent range of rates has been extremely narrow.  As such, a merely “medium-sized” move has carried rates just barely beyond their best levels of the … Continue reading

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Pending Home Sales Up 2.4%, Reaching a Two Year High

Aug 29 2012, 10:47AM Pending home sales rose to the highest level in over two years last month according to the Pending Home Sales Index for July released by the National Association of Realtors® (NAR) this morning.  The index was … Continue reading

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Fewer Foreclosures in July as Servicers Seek Alternatives: CoreLogic

The number of completed foreclosures saw declines both monthly and yearly, according  to the most recent foreclosure report from CoreLogic. In July, 58,000 homes were lost to the foreclosure process compared to 69,000 in July 2011 and 62,000 the month before … Continue reading

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Share of June Distressed Sales Lowest Since 2008

Foreclosure and REO sales declined in June to their smallest share of total sales in four years, Radar Logic Incorporated reported Tuesday. According to Radar Logic’s RPX Monthly Housing Market Report for June, sales of homes at foreclosure auctions andREO sales by financial institutions fell to their … Continue reading

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Interest Rates Hover at Record Lows

Concerns about the strength of the economy have recently taken Treasury yields to new lows. This, in turn, is causing fixed-rate mortgages to remain low. Homeowners are taking advantage of the low interest rates. The refinance index recently reached a … Continue reading

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Economic Update – Last Week in the News

The Standard & Poor’s/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 2.2% in May, following a 1.3% increase in April. On a year-over-year basis, prices fell 0.7% compared with May 2011. The Bureau of Economic … Continue reading

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