New Home Inventory at Record Low. Economists React

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May 24, 2011 11:45AM New Home Inventory at Record Low. Economists React The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for April 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when... May 24, 2011 1:46PM Loan Servicing Education: Reform Perspectives Summarized Last December the Mortgage Bankers Association (MBA) assembled a task force to examine and issue recommendations for the future of residential mortgage servicing. That group, the Council on Residential Mortgage Servicing for the 21st Century is led by Debra W. Still, President and CEO of Pulte Mortgage and composed of key MBA members. That group has released its first product. The white paper titled "Residential Mortgage Servicing in the 21st Century" provides information on what a servicer does;... Consumer Assumptions Altered by Crisis. Financial Future Impacted Mortgage Rates: Sideways at Six Month Lows Declining Productivity in Home Lending; 620 FICO FHA Buyers; Non-Agency Product Funding; Google Mortgage Advisor MBS RECAP: Positive Reprices Reported Customary and Reasonable Fees: Appraisers Under Fire Fate of Private-Label MBS Market Rests on Two Pillars View: Front Page | Headline Viewer Micro News 4:25 PM: More Fed Speakers, More Econ, and Another Auction 3:50 PM: MBS, TSYs Hold Late Day Gains 2:57 PM: J.P. Morgan Cuts GDP Forecast. Expect More Downgrades 2:46 PM: Expect Fed to be on hold after June: Bullard 1:19 PM: Healthy 2yr Note Auction May Lead To Positive Reprices 12:16 PM: Fed Adds GSEs to Reverse Repo Counterparty List 10:07 AM: ECON: Richmond Fed's Composite Index Down -6 10:02 AM: US April New Home Sales at 4-Month High »View All Micro News Around the Web Fed Invites Fannie, Freddie to Join List of Counterparties The Foreclosure Pipeline Mortgage Delinquencies by Loan Type States to ask banks for larger mortgage settlement Republicans, Realtors To Spar Over FHA Loans Counseling Before Borrowing - Mortgages »View More Around the Web Video News New Home Sales Rise Zandi Says New Home Sales Not `Fundamentally' Improved Subprime Crisis Brewing? »View More Video News Today's Comments "This seems inevitable: "One suggestion that came from the panel was the establishment of a Resolution Trust type of entity to acquire troubled mortgages..." "Final Request: If the CFPB is really serious about consumer education, there must be a statement about the historical price trends in the property's..." "The problem is indeed derived from the language of HVCC. It gave the lenders an upper hand in playing favoritism of AMCs or creating AMCs to gain more..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Hi everyone, I need advice from you guys on how the interest rates work. I'm going with Wells Fargo and I've locked in my interest rate at 4.25..." "If you had the choice.... Rent or Own. If you could do either, which would you prefer? OWN (66%) RENT (34%) You voted for 'OWN'. Total Votes: 103 Voting..." "Hello, I was wondering if someone could help me. I have questions about the Adjustable Rate Rider and the Rider to the Note. My question is this--- If..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.70 0.01 15YR 3.98 -0.01 FHA30YR 4.40 0.00 Jumbo30YR 5.18 -0.01 5/1ARM 3.30 -0.02 MBS Quotes FNMA 3.5 96-05 0-08 FNMA 4.0 100-09 0-05 FNMA 4.5 103-18 0-04 FNMA 5.0 106-06 0-02 Treasuries 2 YR 0.5070 -0.0200 3 YR 0.8959 -0.0111 5 YR 1.7723 -0.0097 7 YR 2.4474 -0.0146 10 YR 3.1158 -0.0132 30 YR 4.2535 -0.0155 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031