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Entries from May 2011

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May 25th, 2011 · No Comments

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May 25th, 2011 · 1 Comment

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US mortgage company urges plan for principal cuts - By Al Yoon - American Home Mortgage Servicing, one of the largest subprime mortgage servicers, is urging the U.S. Treasury to organize a plan to boost principal reductions for up to 1 million homeowners by unlocking loans from securities. - Reuters

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Mortgage Delinquencies by State: Percent and Number - Bill McBride - Here are two more graphs based on the MBA Q1 National Delinquency Survey released this morning. BUY Yaz (Crisanta LS) ONLINE WITHOUT PRESCRIPTION, Earlier the MBA released a graph of the percent of loans "in foreclosure" by state. The following graph is similar, but includes all delinquent loans (sorted by percent seriously delinquent). - Calculated Risk

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Many homeowners are refinancing their mortgages to shorter terms - By Kenneth R. Harney - Borrowers who can afford the higher payments, and who meet lenders' tougher requirements, often opt to replace their 30-year mortgages with shorter-term loans at near-record low rates. Reporting from Washington— Want to refinance into a seven-year fixed-rate mortgage at 2.99%. Or how about 10 or 15 years fixed in the mid-3% range? - LA Times Real Estate
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Chicago-area home sales, prices plummet - ... Sales of existing homes in the Chicago metropolitan area sank 19.2 percent in April from the same month last year, and the median price fell 14.5 percent, the Illinois Association of Realtors said Thursday. - Lake County News Sun

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Entries from May 2011