MBA – foreclosures up delinquencies down The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 8.22% of all loans outstanding as of the end of the fourth quarter of 2010, a decrease of 91 basis points from the third quarter of 2010, and a decrease of 125 [...]

The Housing Market, still lost in the Woods As the administration’s mortgage and housing officials sing their own praises, the Treasury and the Department of Housing and Urban Development released a new monthly “housing scorecard” in an attempt to show that the administration is making progress in its efforts to heal the market. With rehashed [...]

S&P/Case-Shiller Home-Price Index Increased 0.6% from February 2009, the first gain since December 2006. Home prices in February were 30% below the peak reached in July 2006, indicating the industry that helped trigger the worst recession since the 1930s will take years to recover lost ground. The year-over-year gauges therefore provide better indications of trends [...]