Purchases of non-distressed homes have increased for the first time in four years. In June Orange County home buyers purchased 2,047 homes that had not been considered distressed or foreclosed. This is the highest number of non-foreclosure transactions since August 2007. In July the number of
...
10/02/2009
Purchases of non-distressed homes have increased for the first time in four years. In June Orange County home buyers purchased 2,047 homes that had not been considered distressed or foreclosed. This is the highest number of non-foreclosure transactions since August 2007. In July the number of
...
10/02/2009
The number of serious delinquencies on Freddie Mac guaranteed single-family loans hit 3% in August – the highest number ever reached by the company. 3.13% of Freddie Mac loans were 90 days or more past due, up 18 basis points from July. In August 2008 their delinquency rate was only 1.11%. The
...
10/02/2009
According to the newest poll Orange County the value of single-family residential homes are expected to rise 2% by September 2010. The strongest markets are expected to be Beaumont/Port Arthur, Texas; Boulder, CO; Amarillo, TX; San Diego, CA; and Charleston, WV. Although huge price drops are n
...
10/02/2009
The demand for mortgages fell last week even with rate dipping slightly. The Mortgage Bankers Association index of loan application volume decreased 2.8% last week, compared to the week before. While the number of loan applications was decreasing the average contract interest rate for 30-year
...
10/02/2009
Lenders are forgiving homeowner debt 10% of the time – according to the report from April to June. Usually this was done by lenders modifying a home loan to make it more affordable for the homeowner. This is more than triple the amount of loan modifications done in the first quarter. In gener
...
10/02/2009
