(has several) The Best Apps for Real Estate Foreclosures – Realty Biz News
Fannie Mae Report: Housing Market Transitions to a New ‘Normal’ – BY MIKE WHEATLEY – Realty Biz News
Here’s a quick summary of the main points highlighted in Fannie’s report:
Interest rates to stay lower than 4.2% until at least the end of 2014.
Cost of FHA loans to rise
Foreclosure rates to fall
More housing starts
Mortgage originations to rise
Credit Scores Among Online Mortgage Applicants On the Rise – BY: KRISTA FRANKS BROCK – … In 2012, the average FICO score for online mortgage shoppers was 734, a four-point increase from 2011. Last year’s average was also 70 points above the overall national average credit score of 664, according to MortgageMarvel.com’s findings. … – The M Report
(charts and comments) LPS: Fewer Delinquencies in 2012, Highest level of Mortgage Originations since 2007 – by Bill McBride – Calculated Risk
Challenge to CFPB Authority – posted by Bob Lawless – In the wake of the D.C. Circuit’s decision striking down recess appoints, Carter Dougherty at Bloomberg reports what may be the first example of a defendant raising the CFPB’s lack of authority as a defense in an enforcement proceeding. Stay tuned. – Credit Slips
Homeownership Rates Rising For Foreign-Born Households – by MortgageOrb.com – … according to new data from the U.S. Census Bureau. … The Census Bureau found that 10 metropolitan statistical areas accounted for about half the nation’s foreign-born households in 2011, …
Dissecting the Fed-Sponsored Housing Bubble; HPI-CPI Revisited; Real Housing Prices; Price Inflation Higher than Fed Admits – Mike Shedlock – MISH’S Global Economic Trend Analysis
(weak GDP?) FOMC: Fed Warns Of Halted Economy And Disinflation; QEternity Is Here To Stay – Agustino Fontevecchia, Forbes – .. will continue to purchase $40 billion in RMBS and $45 billion in Treasuries a month if “the outlook for the labor market does not improve substantially.” …
California 2012 Million-Dollar Home Sales Highest in Five Years – … The number of homes sold for more than $5 million rose to an all-time high, a real estate information service reported. A total of 26,993 homes sold for $1 million-plus last year, up 26.9 percent from 21,267 in 2011. … according to San Diego-based DataQuick. … – DQ News
FHA to hike premiums on mortgages – By Les Christie @CNNMoney – Government-insured mortgages are about to get more expensive.
The (FHA), announced Wednesday that it will raise premiums by 10 basis points, or 0.1%, on most of the new mortgages it insures.
Translation: A borrower opting for a 30-year, fixed-rate mortgage who puts 5% or more down will now pay an annual insurance premium of 1.3% of their outstanding balance. And someone who puts less than 5% down will pay a premium of 1.35%.
The agency said it will also raise premiums for borrowers with jumbo loans — or loans of $625,000 or more — by 5 basis points, or 0.05%, and increase the minimum down payment requirement on these loans to 5% from 3.5%.
FHA Announces Imminent Reforms to Rebuild Capital – BY: TORY BARRINGER – The M Report