Housing News



September 21, 2010

Mortgage performance statistics showed an acceleration of U.S. home loan delinquencies entering the foreclosure process in August 2010, according to Jacksonville-based Lender Processing Services' latest First Look Mortgage Report, derived from a database of nearly 40 million mortgage loans.

September 19, 2010

Congress should extend increased loan limits on mortgages backed by Fannie Mae and Freddie Mac that are set to expire at year end, according to the powerful chairman of the House Financial Service Committee Democratic Rep. Barney Frank of Massachusetts.

September 19, 2010

Although the recovery of the U.S. housing market appears to have stalled in many areas of the country, customer satisfaction with new-home builders has improved for a third consecutive year.

September 18, 2010

Analysts have lowered estimates for a recovery in the housing market between next year and 2014.

September 18, 2010

Approximately 1.8 million taxpayers claimed a total of almost $12.5 billion in first-time homebuyer credits in 2009. More than 950,000 taxpayers will be required to repay the credits.

September 18, 2010

A new program allows government agencies and their partners to have exclusive purchase rights on foreclosed homes before families, investors and the rest of the private market is allowed to bid.

September 18, 2010

A report from real estate research firm RealtyTrac Inc. said there were 1,629 Hawaii August foreclosure filings, which eclipsed the prior record of 1,534 in December.

September 18, 2010

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. In all, banks repossessed 95,364 properties last month, up 3 percent from July.

September 18, 2010

Mortgage finance giants Fannie Mae and Freddie Mac could cost the government $53 billion through 2020 or save the government as much as $44 billion, depending on the accounting principles used.

September 18, 2010

In its September economic outlook, Freddie Mac expects third quarter new and existing home sales to reach an annualized rate of 4 million, a possible 20.7% decline from last year and 23% drop from the previous quarter.

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