Category Archives: Mortgage Markets

Foreclosure Activity Continues to Wind Down

RealtyTrac® (www.realtytrac.com), released its U.S. Foreclosure Market Report™ for April 2014 today showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 115,830 U.S. properties in April, a 1% decrease from the previous month and down 20% from April 2013. The report also shows one in every 1,137 U.S. housing […]

Housing Looking for Good Old Days

Rising Home Prices are boosting property taxes while mortgage lenders may be getting more generous. Bloomberg reports that property tax collections are rising at the fastest pace since the financial crisis with gains spread across the country. Among cities cited as enjoying renewed revenue gains were San Jose CA, Nashville TN, Houston TX and Washington […]

Housing and Bonds: Déjà vu All Over Again

Just when people thought we were safe from creative financing applied to bonds backed by homes, a new improved approach is about to surface.  The past year has seen an increase in buying homes for rent by private equity funds and others.  The private equity buyers are funded by their fund investors, much the same […]

Foreclosure Filings Drop 26% in 2013 to Lowest Annual Total Since 2007

RealtyTrac® released on January 16th its Year-End 2013 U.S. Foreclosure Market Report™ showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million […]

Got a Mortgage?

The New York Times has a long article in the January 15th Business Section on home buyer’s difficulties in finding a mortgage and the bank’s difficulties in earning a profit from offering mortgages.  For home buyers the issues are qualifying for a mortgage and the prospect of higher interest rates as the Fed backs away […]

Foreclosure Activity Drops 15% in November

RealtyTrac® released its U.S. Foreclosure Market Report™ for November showing  foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 113,454 U.S. properties in November, a 15 percent decrease from the previous month and a 37 percent decrease from a year ago. The report also shows one in every 1,155 U.S. housing […]

England, Housing and Economic Recovery

One argument in the debate over what caused the financial crisis is that since other countries including England had housing booms; Fannie Mae, Freddie Mac and mortgages securitization weren’t the only problems.  Recent news from England may make people reconsider a bit. The Bank  of England is curtailing its “Funding for Lending”  program and reducing […]

September Foreclosure Activity Down 27% From Year Ago, 36th Month With Annual Declines

RealtyTrac® (www.realtytrac.com) released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, on October 11th. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from the previous month but a 27 percent decrease from a year ago. […]

Mortgage Application Shifts

Mortgage applications continue to adjust to changing views of interest rates and home prices.  Applications for mortgages for purchasing a home peaked at the beginning of May as talk of rising interest rates appeared and are now down almost 15% as of October 4th.  Even with that decline, the Mortgage Bankers Association index of applications […]

Mortgage Refinance Activity Drops

As interest rates have climbed since last May, mortgage applications have dropped steadily and the damage is concentrated in refinancing activity.   The volume of mortgages for refinancing homes is down 64% from May 17th to September 6th while the volume for purchase is down 11% over the same period.   Over the last year (since September […]

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