Home Loans Mortgage: Existing Home Sales Still Hindered by Uber Tight Lending Regs

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Apr 20, 2011 3:27PM

Existing Home Sales Still Hindered by Uber Tight Lending Regs

The National Association of Realtors today released Existing Home Sales data for March 2011 Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly...

Apr 20, 2011 10:57AM

Purchase Apps Climb as Borrowers Rush to Beat FHA Fee Hike

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 15, 2011. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a snapshot view of consumer demand for mortgage loans. In a falling mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out lower monthly...

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Micro News

4:22 PM:	Thursday Stands Out as Week's Busiest Day (on Paper)
3:51 PM:	S&P Revises GSE/GRE Outlooks in Accordance with Sovereign Downgrade
3:36 PM:	MBS Finally Fall Enough for Potential Negative Reprices
2:19 PM:	Wells Fargo CFO says housing market to stay mixed
12:41 PM:	Financial Literacy Leads to Better Financial Decisions
12:11 PM:	PowerSaver Program: $25,000 for Energy-Efficient Upgrades
10:35 AM:	Position Squaring Helps TSYs Disconnect from Stocks
10:02 AM:	DATA FLASH: Existing Home Sales Rise From Lows

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Around the Web

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Video News

	Kelly Calls U.S. Existing Home Sales Rise `Encouraging'
	Pimco Shakes Up ETF World
	Gold Rallies to Record High

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Today's Comments

	"Super slow day in TBAs and TSYs. C30 Loan pricing was 8.4bps worse on average among the five major lenders. With FNCL 4.5s ending the day -6/32, there..."
	"Why do they even bother with the "public comment". Waste of time, the FED will move forward with what ever they want regardless of the consequences..."
	"(Reuters) - Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal..."

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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..."

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Today's Forum Discussions

	"Loan Scenario View All Post A Scenario Loan State: Florida Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $4,400,000 Property Value: $8,800..."
	"Anyone know of a lender that can do vacant land loan in WI?"
	"We have been doing more VA IRRL Refinances lately and would like to know if there are any lenders who do not require any type of appraisal. VA guidelines..."