Tuesday, August 23, 2011

National Delinquency Survey: Must Stop the Bleeding

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Aug 23, 2011 12:21PM

National Delinquency Survey: Must Stop the Bleeding

Jay Brinkmann, the Mortgage Bankers Association's (MBA's) Chief Economist, told reporters on Monday that MBA's National Delinquency Survey (NDS) for the second quarter of 2011 combines good news with not so good news. "While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped. Mortgage delinquencies are no longer improving and are now showing some signs of worsening,...

Aug 23, 2011 12:16PM

New Home Sales at 5 Month Low, Backlog Easing

The sales of new single-family houses fell slightly in July to a seasonally adjusted annual rate of 298,000. The U.S. Census Bureau and the Department of Housing and Urban Development issued the estimated figure on Tuesday and at the same time revised the June new-home sale rate down to 300,000 from the earlier estimate of 312,000. The July figure is a decrease of 0.7 percent from the new June number but is 6.8 percent above the July 2010 estimate of 279,000 new homes sold. There were an estimated...


Micro News

3:34 PM:

Dataquick: Phoenix Home Sales Fall Sharply in July

3:33 PM:

FDIC: Commerical Banks Show $28.8B Profit in Q2 2011

2:58 PM:

Negative Reprices Possible After East Coast Quake

1:15 PM:

Strong 2 Yr Auction. MBS Stabilize. Stocks Still a Threat.

10:33 AM:

US Bank Earnings up From a Year Ago

10:32 AM:

ECON: Richmond Fed Factory Index -10 in August from -1 Previously

10:12 AM:

ECON: New Home Sales Fall. Homes For Sale at Record Low

8:58 AM:

The Case Against Another Fed Bond Buying Program

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Today's Comments

Patricia Hodes

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Patricia Hodes

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Bryan/Mortgage Finance Group, Inc.

"So much for QE 1 and 2 (and probably 3), the lowest rates in history, and all the misguided govt. influence to try to prop up the mortgage/housing industry..."

Today's Q&A

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Chris Hunlow

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