Tag Archives: mortgage delinquencies

Home Sales Surging

Posted on December 20, 2012 by Popular Economics Weekly

The Mortgage Corner Total existing home sales are accelerating, and prices are rising along with declining inventories. Sales that include single-family homes, townhomes, condominiums and co-ops, rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , | Leave a comment

High Pending Home Sales—A 2013 Housing Shortage?

Posted on November 29, 2012 by Popular Economics Weekly

The Mortgage Corner The huge jump is pending home sales could presage a sharp drop in inventory of homes for sale in 2013. Why? There are fewer foreclosures because of the declining shadow inventory of homes in default that have … Continue reading →

Posted in Economy, Housing, housing market, Macro Economics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Southland Home Sales Up, Foreclosures Down

Posted on November 15, 2012 by Popular Economics Weekly

The Mortgage Corner Southern California home sales rose sharply in October as move-up buyers joined investors, according to San Diego-based DataQuick, shifting the mix of homes selling upward as foreclosure resales hit a five-year low. Southern California’s real estate market … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Shadow Housing Inventory, Foreclosures Fall

Posted on October 10, 2012 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported the current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six months. This was a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 … Continue reading →

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Foreclosures Down, Mortgage Activity Surging

Posted on October 4, 2012 by Popular Economics Weekly

The Mortgage Corner The Mortgage Bankers Association reported that its Refinance Index increased 20 percent from the previous week. This was the highest Refinance Index recorded in the survey since April of 2009. The seasonally adjusted Purchase Index increased 4 … Continue reading →

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Fewer Foreclosures Boosting Housing Prices

Posted on September 11, 2012 by Popular Economics Weekly

The Mortgage Corner Calculated Risk just reported that Lender Processing Services (LPS) released their Mortgage Monitor report for July with some good news. According to LPS, 7.03 percent of mortgages were delinquent in July, down from 7.14 percent in June, … Continue reading →

Posted in Consumers, Economy, housing market, Weekly Financial News | Tagged , , , , , , , , , | Leave a comment

Builder Confidence Rises Five Points in May

Posted on May 16, 2012 by Popular Economics Weekly

The Mortgage Corner It may not seem like much in such a depressed real estate market, but builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous … Continue reading →

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

Builder Confidence Soars in 2012

Posted on February 16, 2012 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (MarketWatch) — Home builder confidence in the market for new single-family homes climbed in February for the fifth straight month to reach the highest level in more than four years, said a Marketwatch headline. And there … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Don’t Blame Fannie and Freddie…

Posted on July 20, 2011 by Popular Economics Weekly

The Mortgage Corner Please don’t blame Fannie Mae and Freddie Mac, guarantors of most of the housing market’s conventional mortgages and reason the housing market continues to function at all, for the housing bust. The bust was caused by the … Continue reading →

Posted in Economy, housing market, Weekly Financial News | Tagged , , , , , , , , , , , , | Leave a comment