The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.
The number of Californians entering foreclosure slid dramatically in the second quarter to a three-year low as the fallout from the worst of the housing crisis continued to abate.
Default notices, [...]
Posts Tagged ‘home prices’
Mortgage defaults in California at 3-year low
July 23rd, 2010 by Mortgage Writer
Tags: economic recovery, foreclosure, home foreclosures, home loans, home prices, homeowners, housing market, mortgage lenders, mortgage loans, mortgages, short sales, subprime mortgages, US Economy
more...Mortgage Rates Teetering on Breakdown; Should the FTHB concern fancy speak for lengthy?
October 28th, 2009 by Mortgage Writer
Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relatively stable since August. New supply of Treasury debt combined with several psychological factors pressured MBS prices lower and forced lenders to reprice for the worse. Despite this move lower, we are not yet [...]
Tags: broker, few economic, home prices, homeowners, mortgage, mortgage professionals, mortgage rates, news
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