Thursday, January 12, 2012

Foreclosure Activity Down for Month, Quarter, and Year

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings:
Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Jan 12, 2012 10:49AM

Foreclosure Activity Down for Month, Quarter, and Year

Foreclosure activity hit its lowest level in four years in 2011, decreasing by a third from the previous year according to data released today by RealtyTrac. One in every 69 housing units in the U.S. was subject to a filing during the year, 1.45 percent of the total housing stock. Activity also decreased for the month of December and for the fourth quarter of 2011 according to the U.S. Foreclosure Market Report covering the three periods which was released by the Irvine, California company this morning...

Jan 12, 2012 3:11PM

Mortgage Rates: "And Now For Something Completely Similar"

If we ever get into mortgage-rate-specific sketch comedy, surely we'd link sketches together in Monty Python style, but with a slight twist: "and now for something completely similar." Mortgage Rates held steady to slightly improved today. This comes after yesterday marked the first hint of rate drama we've seen in 2012, which was nothing more than a minor increase to borrowing costs. With each passing day of Best-Execution rates staying glued to 3.875%, we grow more and more weary of the monotony...


Micro News

1:44 PM:

Benchmarks Hold Their Ground, MBS Gaining, Reprice Risk Unwound

1:21 PM:

MBS Sideways, Waiting on Cue From Benchmarks

1:08 PM:

Negative Reaction to 30yr Auction Brings MBS Lower

10:18 AM:

Business Inventories Slightly Weaker Than Expected. Sales Decelerate

10:02 AM:

Freddie Mac: Rates Continue Trend of Record Lows

8:54 AM:

Various Comments From ECB's Mario Draghi's Press Conference

8:47 AM:

ECON: Jobless Claims Rise Back Near 400k

8:39 AM:

ECON: Retail Sales Report Misses Expectations

Around the Web

Video News

Economist: Change in Housing Policy Coming Soon

CIT Said to Halt Sears Supplier Loans; S&P Rises

Banks Stress Tests & Earnings


Today's Comments

Jason Harris

"Numbers have to be up....I have never been this busy in my life."

Chris LeBarton

"Just messin' with ya. Obviously I still read your stuff (as often as I can) and this was clearly a dynamic that needed to be dumbed down to my level..."

Jason Harris

"Justin...you point out that Fannie requested 7.9B in assistance in November of 2011. That is to be expected. Rightly or wrongly the GSE's no longer..."

Today's Q&A

"Upside down - horribly so - but not late or behind in payments"

"What rates can fill a 3.5 coupon"

"What are the rates for 15 yr fixed "