FICO has polled credit risk managers since 2009 regarding predictions for the next six months and has found that expectations are for a rise in mortgage and home equity line delinquencies to rise in the next 6 months. These managers also expect interest rates to risk. CLICK ON THE FOLLOWING LINK
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07/13/2011
The S&P/Case-Schiller Home Price Index for April 2011 has been updated in an interactive format. The top metropolitan areas in the United States can be view below by clicking on the "red dots". Home values are expected to remain weak as the continued deteriorization of the jobs market supresses h
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07/12/2011
Fannie Mae's June 2011 Monthly National Housing Survey featured Home Price Expectations declining to a multil-year low of -0.5% price decline. Fewer Americans now feel that mortgage rates will move lower in the next 12 months while the majority of Americans believe it remains a good time to buy.
07/11/2011
Had the lower limits been in place last year, Fannie and Freddie would have backed 50,000 fewer loans, according to the Federal Housing Finance Agency. The bulk of the affected loans -about 60%-are in California, with another 20% in Massachusetts, New York and New Jersey. Parts of the country wit
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07/08/2011
30-year fixed-rate mortgage (FRM) averaged 4.60% with an average 0.7 point for the week ending July 7, 2011, up from last week when it averaged 4.51 percent. Last year at this time, the 30-year FRM averaged 4.57 percent. 15-year fixed-rates this week averaged 3.75% with an average 0.7 point, u
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07/07/2011
As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for homeownership, pursued profits for itself and bought risky loans that inflated a housin
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07/06/2011
Starting in 2000, rent growth did not keep pace with the steep home price appreciation, pushing the price-to-rent ratio well above the historic average. Many market observers have identified the dislocation between prices and rents as both an indicator of the housing bubble and as a tool for help
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07/05/2011
"...the Obama administration wants to reduce the FHA's high-end loan limit of $729,750 to $629,500. The GW report says an FHA limit of $350,000 in the high-cost markets and a limit of $200,000 in the lowest-cost markets is sufficient to satisfy more than 95% of the FHA's target population..." CLI
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07/01/2011
30-Year Fixed-Rate (FRM) averaged 4.51 percent with an average 0.7 point for the week ending June 30, 2011, up from last week when it averaged 4.50 percent. Last year at this time, the 30-year FRM averaged 4.58 percent. 15-Year FRM this week averaged 3.69 percent with an average 0.7 point, the
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06/30/2011
Shadow inventory for residential properties declined to 1.7 million units in April according to CoreLogic This five months' worth of supply is down from 1.9 million units compared to April 2010. Shadow inventory has gone down because there are fewer delinquencies and more distressed sales It w
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06/29/2011
