GSE Foreclosure Starts Start Coming Faster in 2010
GSE Foreclosure Starts Start Coming Faster in 2010
July 27, 2010 — HousingWire
The level of foreclosures starts in mortgages owned by Fannie Mae and Freddie Mac, the government sponsored enterprises (GSE), is at its highest point ever in 2010 as the rate of new foreclosures continues to increase.
Apartment rentals surge on foreclosures, jobs
July 27, 2010 — Finance & Commerce
U.S. apartment landlords are seeing a surge in rentals as mounting foreclosures reduce homeownership and an improving job market for young adults encourages them to find their own places to live.
Big 4 Banks Add $9.5bn in Nonperforming, Foreclosed Properties in One Year
July 27, 2010 — HousingWire
Each of the "big-four" banks, Bank of America (BAC: 14.065 -0.88%), Wells Fargo (WFC: 28.11 -0.99%), JPMorgan Chase (JPM: 40.45 -0.59%) and Citigroup (C: 4.105 -1.32%) released quarterly earnings reports for Q210 in July, reporting a total increase of $9.5bn in nonperforming or foreclosed properties from the same quarter last year.
Home Prices Rise but Outlook for Sector Dims
July 28, 2010 — Wall Street Journal
Home prices rose in May but were expected to lose momentum with the expiration of federal tax credits, while consumer confidence sagged—both signs that the economic recovery remains fragile.
US mortgage demand dips, refis off from 14-mo high
July 28, 2010 — Reuters
U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.