Apr 19, 2012 5:12PM

Short Sales Gaining on REO Sales as "Change is Afoot"

"A change is afoot when it comes to short sales ," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that pre-foreclosure sales (most of which are so-called short sales) in the first quarter were the highest since the first quarter of 2009. In theory, the company said, a short sale has long been viewed as an "elegant solution" to the nation's foreclosure problem. A short sale, in which the lender accepts less money than it is owed, provides a win-win-win...

Apr 19, 2012 1:55PM

Forward Indicator Predicts Rapid Rise in Remodeling by Year End.

After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University . Stronger pending home sales and continuing low interest rates are contributing to the rise. The LIRA projects annual spending will see healthy growth in 2012, ending the year up 5.9 percent. The Joint Center produces the...

Micro News

4:23 PM:

Just When It Looked As If MBS Would Break The Range....

4:20 PM:

Plaza Clarifies VA IRRRL Changes

2:51 PM:

10's Make Run at 1.95, MBS Break Into New Highs

1:30 PM:

Plaza Discontinues VA IRRRL

1:14 PM:

Slow, Steady Gains; Narrow Range; Limited Positive Reprice Potential

10:07 AM:

NAR: Existing-Home Sales Decline in March but Inventory Down, Prices Stabilizing

10:04 AM:

ECON: Philly Fed Index Weaker-Than-Expected

10:01 AM:

Freddie Mac: Fixed Mortgage Rates Edge Slightly Higher

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Today's Comments

Frank Ceizyk

"Wow Matt--I usually agree with you but here's the problem with your iron story--imagine if mom, and everybody around you that was a trusted source..."

Matthew Graham

"It's morbidly funny, in a way, to see the ongoing flood of reaction to mortgage melt-down. It reminds me of when I was 5 years old... I reached for..."

Rick Baron

"They're reinventing the wheel. Did they come up with this all by themselves, or did someone tell them that's what was in place and worked well..."

Today's Q&A

"Where to find a SWTOR Character Creation Guide?"

"Dad soley on deed ? transfer to mom after his death. Value $98,400. Informal probate?"

"mortage paid off what to do with money in my house."