(Celia Chen, senior director, Moody’s Analytics) Sales of U.S. existing homes marched upward in January, maintaining a trend that started in the second half of last year. Slow, but steady gains in existing-home sales, falling inventories, and softening in the median house price depreciation all point to a good start for 2012. The fundamentals [...]
(TheNicheReport.com) The recent $26 billion settlement agreement signed by the five major mortgage lenders (Including Bank of America, Chase, Citibank, HSBC, Metlife Bank, PNC Mortgage and Wells Fargo) over robo-signing and other unethical foreclosure practices is not the only event that homeowners can get relief from. Back in April of 2011, the Office of the [...]
(Yahoo News) Home Depot (HD) is in the news this morning after earnings grew 32% in Q4 2011. The nation’s largest home improvement retailer reported fourth quarter earnings results that surprised the Street on both the top and bottom line, though guidance was in-line with expectations. Couple Home Depot’s results with impressive performance by both [...]
The December 2011 Realtors Confidence Index survey reports that the overall percentage market share of distressed property continues to be in the low 30’s. There is general agreement that foreclosures and short sales had a major, negative impact on home prices. The good news is that the problem appears to have leveled off. The residential [...]
From economist Tom Lawler: Number of Seriously-Delinquent FHA-Insured SF Loans Jumped Again in January; HUD Secretary “Fiddles” as FHA Burns Data from the FHA’s Neighborhood Watch Early Warning System indicate that the number of FHA-insured loans that were seriously delinquent jumped again in January. According to report on the EWS for servicers who combined have [...]
Housing Expected to Add to GDP for First Time in Seven Years, Albeit by a Very Modest Amount WASHINGTON, DC – The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, [...]
Designations Provide Mortgage Professionals With More Credibility, Consumers With More Security BALTIMORE, Oct. 18, 2010 (GLOBE NEWSWIRE) — The Consumer Mortgage Bureau is pleased to announce that they have developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008; the Registered Mortgage Professional (RMP) [...]
Are you ready for Facebook’s timeline rollout for business pages? As mentioned in a previous article here on The Niche Report, most likely the larger brands will start seeing the change at the end of February and the rest of us will start seeing these changes in March and April. However, the rollout may not [...]
(U.S.News & World Report ) There are more than 2.4 million homes for sale in the United States and even more in the foreclosure pipeline, and yet builders are still putting up new houses, according to recent construction data. Why? It all comes down to the location and condition of existing homes on the market, [...]
(TheNicheReport.com) The financial instruments that brought down Wall Street in 2008 and triggered periods of economic recession around the world are once again capturing the interest of investors. Mortgage bonds backed by subprime home loans were once labeled as toxic assets in the portfolios of investors, but according to a recent report appearing on the [...]
A lot of people don’t...
