National News

Independent Mortgage Profits Rise to $575 a Mortgage

Profits on independent loans rose from $346 to $575 per mortgage for the second quarter, according to a new report by the Mortgage Bankers Association

Private Mortgage Modifications Up 11 Percent in July

Mortgage modifications by private companies rose 11 percent in July, according to data from the Hope Now alliance, a rate that far exceeds that of the government’s Home Affordable Modification Program

CoreLogic Price Index Up 0.8 Percent

The CoreLogic Home Price Index rose for the fourth consecutive month in July, increasing by 0.8 percent for the month and 5.5 percent over March’s

Obama Could Announce Housing Stimulus Next Week

President Obama is expected to answer calls of action and announce a housing stimulus plan next week during a planned speech on job

REO Properties Decline from 550,000 to 493,000 in Q2

REO properties declined in the second quarter from 550,000 to 493,000, according to research by Calculated

Foreign Home Buyers Help Housing Market – But Be Wary of Cultural Differences

Foreign investment is surging in a myriad of markets across the country, and it’s presenting Realtors with a new batch of situations and challenges they may not be used to

Mortgage Delinquency Rates at Lowest Level Since 2009

Data for mortgage delinquencies posted numerous gains in the second quarter, most notably that delinquency rates are now at their lowest level since 2009, according to the Federal Deposit Insurance

Pending Home Sales Up Strongly from 2010

Pending home sales declined 1.3 percent in July but remain well above 2010 levels, according to new research by the National Association of Realtors

Appraisals an Important Component for Housing Recovery

With sales and construction showing signs of growth, home appraisals have now emerged as a major component to a successful reboot for the housing

Buffett's Magic at Work for Bank of America

Bank of America posted big gains on Thursday after news broke of a $5 billion investment from financial wizard Warren

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