Blog
Loan Remods May Increase
A large number of loans that go through a remodification process do it 30 months after the last modification, according to research conducted by the Barclays Securitised Research Team. Barclays found that prime loan remods have a higher performance level than loan...
Homebuilder and Lumber Industries Lead Housing Market Stock
According to Morningstar, an independent company providing investment research, the lumber industry has jumped to 74% while home improvement stores came in at 55%. Homebuilders reached 77% taking the lead in the housing stock market last year. Michael Magiera, Manager...
Multifamily Housing Demand Spikes
Multifamily housing construction is growing and helping the economy to strengthen in return. Over 2 million households are expected to move into multifamily housing units as the labor and economic markets rise. The construction industry has seen a hike in demand for...
U.S. Stocks Compete With All-Time Record Highs
U.S. stocks are hovering around their highest levels in history. The S&P 500 and the Dow Jones are up 7% from the previous year. The Dow came in only 1.3% less from the previous high record set in 2007. The S&P 500 grew 0.2%, the largest percentage since...
Favorable Results For Housing Market
Home prices and rental rates increased over the last year. Chief economist, Lawrence Yun, at the National Association of Realtors said, "home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the...
Mortgage Applications Reach Highest Level In 18 Months
Over the last five months, mortgage applications have increased. Last month alone, mortgage applications increased 1.8%, the highest level seen in over a year. A stronger mortgage application demand will create a path for a more stable housing market and an improving...
Consumers Remain Positive About Housing Market
A housing survey conducted by the Federal National Mortgage Association, Fannie Mae, showed that many consumers still have a positive view about the housing economy. The survey conducted last month found that 41% of consumers are confident that home prices will...
Asking Prices On The Rise
Asking prices for homes have increased 5.9 % from last year and are expected to continue to grow at a seasonally adjusted rated of 0.9%. According to the monthly report released by Trulia.com, a trusted online real estate site, 86 major metropolitan...
Many Banks Lower Credit Standards
The Federal Reserve reported that many U.S banks lowered their credit standards in November and have since reported a rising number of loan requests and higher demand for residential mortgage loans. The Federal Reserve stated, "modest fractions of domestic banks...
Interest Rates Reach Largest Reduction In Freddie Mac’s History
According to Freddie Mac, 84% of refinancing homeowners have continued to lower their principal balance by paying more at the point of sale. 46% of borrowers held the same loan amount, while 39% of borrowers lowered their principal balance. Interest rate reductions...