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  Mortgage And Real Estate News  
 Recap and Charts: July Construction Spending Data
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures...
 
 Rising Refi Index Indicative of Pickup in Prepay Speeds on Recent Vintage MBS
\"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in mortgage rates was in line with Treasury rates as the latest data continue to show weak economic growth...
 
 S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead
Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to other indicators as "ominous" signals.
 
 HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy
In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though home sales plummeted as the old credit expired.
 
 Conservator\'s Report: A Different View of the GSE\'s Demise
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when the GSEs lost market share but are now on the road to recovery thanks to tighter lending standards are...
 
 MBA: 30-Day Delinquencies on the Rise Again
While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages that fell one payment behind during the quarter.
 
 Chicago Fed Explores Effectiveness of Home Buyer Counseling
The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested a behavioral approach to borrowers might be more effective than financial education.
 
 USDA Rural Housing Issues Funding Update: Lenders Still in Limbo
Single Family Housing Guaranteed Loan Program Funding Notice
 
 Loan Demand Gets Boost from Recently Refinanced Borrowers
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey, going back to 1990, as incoming data continue to indicate that economic growth has slowed...We are...
 
 Another Foul Housing Headline. Negative Feedback Loop in Progress
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most prospective (qualified) homeowners are too worried about further declines in home prices to buy a house....
 
 July Existing Home Sales: Recap and Charts
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®.\r\n
 
 Monthly Housing Scorecard: Administration Touts Increased Price Stabilization
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Administration's Housing Scorecard. The August 2010 Scorecard was marked primarily by how few changes...
 
 
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