The live-performance venue on Wisconsin Avenue failed to attract any outside bids at a foreclosure auction on Tuesday and was bought back by BB&T Bank for $2 million. According to the terms of the auction, the 700-seat …
Idaho led the nation with a 7.2 percent decrease in the average selling prices of homes between April 2009 and April 2010, a research company said Monday. National home prices increased an average 2.6 percent, thanks largely to the homebuyer tax credit that expired at the end of April, according to …
TAMPA – Homes in some stage of foreclosure made up 43 percent of Hillsborough County home sales during the first quarter. That’s more than any other Bay area county, according to a new report released Wednesday from Calif.-based RealtyTrac, which tracks foreclosures. In the Tampa-St. Petersburg …
For countless Americans struggling to make their mortgage payments, the problems have just begun. Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be …
Prospective home buyers often complain that they can’t turn around without running into a foreclosed property. Now here’s proof: Nearly half of the homes sold in Broward County during the first quarter of 2010 were in …
Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire
The mortgage Bankers Association (MBA) today released its Weekly mortgage Applications Survey for the week ending June 25, 2010. The mortgage Bankers Association application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. In a low mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out a lower monthly payment which can increase disposable income and consumer spending (or give consumers a chance to pay down other debts like credit cards). A falling trend of purchase applications indicates a decline in home buying interest, a negative for the housing industry and the economy as a whole. Excerpts…(<a href="http://www.mortgagenewsdaily.com/06302010_mortgage_applications.asp”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/default.aspx”>Pipeline Press
Here is some good news! Lock desks were busy last week, with mortgage applications hitting an eight-month high according to the MBA numbers. Apps were up almost 9%, with purchases down about 3% (to 1997 levels) but refi's were up 13% to where they were a year ago. Refi's accounted for almost 77% of applications. How is housing holding up out there? It is a mixed bag. U.S. existing home sales unexpectedly fell last month and purchases of new houses tumbled to a record low. Until last week applications for mortgage refinancing are off almost 57% from last year's peak reached in January, in spite of 30-yr mortgage rates being in the mid-high 4% range. But yesterday's S&P/Case-Shiller HPI for April increased 4.6% from a year ago for the 10-City Composite and +3.8% for the 20…(<a href="http://www.mortgagenewsdaily.com/channels/pipelinepress/06302010-adp-counterfeit-refi.aspx”>read more)
LOS ANGELES — Fewer bank-owned homes and properties in foreclosure sold in the first three months of 2010, according to a report released Tuesday. But experts said the nation’s housing market will remain troubled for …
The foreclosure auction of the landmark Bethesda Theatre drew no outside bids Tuesday, signaling that the cultural landmark might be on its last run. BB&T bought back the live-performance venue on Wisconsin Avenue for $2 …
LAKELAND | foreclosure properties accounted for nearly one third of U.S. home sales in the first quarter of 2010, and made up almost 40 percent of Florida’s home sales, according to a new report by RealtyTrac. In Polk …
