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2010
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Requesting Consideration for Modification Supplemental Directive 09-01 gave servicers the option of placing a borrower into a trial period plan based on verbal financial information obtained from the borrower, subject to later verification during the trial period. Effective for all trial period ...
01/28/2010
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Housing recovery could take a decade, economists warn Recovery could take longer for areas such as Las Vegas, economists say, because of speculative purchases. Signs of improvement The S&P/Case-Shiller home-price index rose in November, but home prices are still down from their 2006 peak. Even as...
01/27/2010
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FHA Policy Changes: Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA can charge. If t...
01/20/2010
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information from the federal finance agency realeased january 8th 2010 • As of Nov. 30, 2009, the Enterprises had implemented 405,700 HAMP active trial and permanent loan modifications. • Foreclosure starts on Enterprise loans declined in the third quarter by 15 percent. • Loan modifications ent...
01/11/2010
MARKET UP DATE AT GLANCE COMMENTARY JANUARY 6TH 2010 2009 IS IN THE REAR VIEW MIRROR, SO LONG AND I DON'T THINK THE YEAR WILL BE MISSED. 2009 FROM THIS SIDE OF THE FENCE CAN BEST BE DESCRIBED AS A GRIND OUT YEAR ALL SALES TOOK MORE TIME AND ENERGY TO ACHIEVE MY CLIENTS GOALS. WHEN 2009 STARTED ...
01/06/2010
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Market update at glance 12/31/2009 Year Percentage Increase Yellowstone County 2008 2009 or -Decrease Residential Closed Sales Units 1946 1959 1% Residential Pending Sales Units 115 134 17% Residential Active Property Units For Sale 79...
01/06/2010
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