Tuesday, February 22, 2011

Case-Shiller: Home Prices End 2010 on Downtrend

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Feb 22, 2011 12:26PM

S&P/Case-Shiller: Home Prices End 2010 on Downtrend

The S&P/Case Shiller Home Price Indices , which track home prices throughout the U.S. on a two-month lag, declined 3.9 percent during the fourth quarter of 2010 on top of a 1.9 percent decline in Q3. Prices were 4.1 percent lower than one year earlier. This represents the lowest annual growth rate since the third quarter of 2009 when prices were falling at an 8.6 percent annual rate and the sixth consecutive month of national home price depreciations. S&P/Case-Shiller provides two monthly...

Feb 22, 2011 12:36PM

FHA Commissioner Explains Logic Behind Insurance Premium Hike

Last week the FHA announced it would increase annual mortgage insurance premiums by 0.25% to "bolster capital reserves", effective for case numbers ordered on or after April 18, 2011. Naturally the sudden spike in fees led to a chorus of Bronx cheers from inside the housing industry. Originator, Realtor, and Borrower feedback was generally themed along the lines of comments like "GREAT TIMING. REDUCING THE POOL OF QUALIFIED HOMEBUYERS WILL DEFINITELY BOOST THE HOUSING RECOVERY". Please note sarcasm...


Micro News

5:10 PM:

More Econ Data And An Auction That's More Relevant To MBS Prices

5:03 PM:

Huge Rally Lasts All Day With Minimal Volatility

3:58 PM:

Loan Pricing Update: Best Ex Moves Lower

3:49 PM:

Geithner to Testify on GSE Reform

3:47 PM:

Shiller Sees Substantial Risk of Continued Home Price Declines

3:38 PM:

Policy Options to Reduce Agency and Taxpayer Risk

3:31 PM:

Fannie Mae NMLS Licensing Reminder

1:04 PM:

DATA: 2YR Auction Results

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Today's Comments

Adam Quinones

"civil unrest and a political attack on the US credit rating is certainly a major risk to the outlook for lower mortgage rates"

Bromi Krock

"With the continued unrest in the middle east and uncertainty around EU debt issues the risk trade is off for now and the the flight to safety is on. Investors..."

Frank Ceizyk

"You have to wonder "how many deals can go bad", if the bulk of originated loans are 30 year and 15 year fixed, with FHA guides being the tightest..."

Today's Q&A

Anonymous

"How do i send extra payment to morgage towards principle only..."

Anonymous

"If my agent is selling my home and showing me my new home how..."

Anonymous

"What is the quickest and easiest way to transfer complete ownership..."

Today's Forum Discussions

Ken Vesely

"NLD Settlement Corp is the nations leading hard money lender. We provide hard money to real estate investors nationwide. We are 100% asset based lenders..."

Anton Leo

"Hello All, Just got back from my bank. Originally talked to the loan officer about doing a Refinance with Cash out. I wanted to do two things..A- Lower..."

stephenm

"Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $350,000 Property Value: $800..."