January existing home sales come in flat compared to December

2015 sales expected to pick up where 2014 left off By: Trey Garrison, Housingwire.com Auction.com projects that existing home sales for January will fall between seasonally adjusted annual rates 4.9-5.21 million annual sales, with a targeted number of 5.06 million. This suggests that January sales will be up from one year ago and essentially flat … More January existing home sales come in flat compared to December

Foreclosure Rate Falls to Lowest Level Since ’08

Author: Brian Honea January 14, 2015 About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic‘s November 2014  National Foreclosure Report released Wednesday. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted … More Foreclosure Rate Falls to Lowest Level Since ’08

Becca Mann Is Precocious On Land And In Water

Courtesy of WOWSA, Huntington Beach, California. 2016 Olympic pool and marathon swimming hopeful Becca Mann is a special person. The talented 17-year-old is not only one of the most versatile aquatic athlete on the planet, but she is also a creative author. She spoke of her newest book, The Stolen Dragon of Quanx, after traveling … More Becca Mann Is Precocious On Land And In Water

Report: Falling Negative Equity Rate Nearing Single Digits

Author: Tory Barringer January 8, 2015 0 The third quarter of 2014 saw more than a quarter of a million American homes return to positive equity, leaving about one in 10 still underwater, CoreLogic said in its Q3 2014 Equity Report released Thursday.According to the company’s latest estimates, an additional 273,000 U.S. homes recovered to … More Report: Falling Negative Equity Rate Nearing Single Digits

Urban Institute: Stop charging borrowers for yesterday’s mistakes, FHA

Insurance premium charges aren’t based on today’s reality Trey Garrison January 6, 2015 4:58PM 2 Comments FHA insurance premiumsInsurance premiumsmortgage financeUrban Institute The Urban Institute says that the Federal Housing Administration needs to update its approach to insurance premiums. The federal government’s home mortgage insurance program is finally back in the black, having improved materially … More Urban Institute: Stop charging borrowers for yesterday’s mistakes, FHA

AACER: Bankruptcy Filings End Up and Down Year With Slight Increase

Bankruptcy filings in the U.S. finished an up and down year with a slight month-over-month increase in December, but were down overall year-to-date, according to AACER monitoring data reported by Epiq Systems. The number of bankruptcy filings nationwide crept up from 62,417 in November to 63,090 in December, a 1 percent increase; however, there were … More AACER: Bankruptcy Filings End Up and Down Year With Slight Increase

Zillow: Mortgage rates stay far below 4%

Daily rate was volatile due to holiday Ben Lane December 30, 2014 6:10PM 30-year mortgage30-year, fixed-rate mortgageInterest ratesmortgage lendingZillowZillow Mortgage Marketplace The interest rate for a 30-year, fixed-rate mortgage fell last week, continuing a trend of sub-4% interest rates, according to a new report from Zillow (Z). Current rate borrowers were quoted an average interest rate of … More Zillow: Mortgage rates stay far below 4%