Astepahead
Providing Cutting Edge Data and Information
on the Evolving Real Estate Market
With Occasional Commentary
ARCHIVED BLOG POSTS
2011
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That's a record for the company's regular monthly study on mortgage performance trends. As of the end of July, LPS counted 2.2 million loans that were in foreclosure and nearl...
08/31/2011
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The FDIC submitted a Notice of Intention to Appear and Object to the New York federal court yesterday. They are contesting the $8.5 billion settlement proposal put forth by Bank of America in June because it has not been provided enough information to evaluate the settlement. The settlement is in...
08/30/2011
HUD Extended the Application Period for Emergency Homeowners' Loan program(EHLP). The EHLP program provides assistance to borrowers at risk of losing their homes due to unemployment or underemployment. The new deadline for applications is September 15. Details on EHLP: The program is avalible to ...
08/30/2011
AOL Inc. has launched a new real estate search tool on AOL Real Estate that is powered by Move, Inc. The AOL Real Estate search now delivers new tools that enable users to refine their search by multiple criteria including open houses, new listings, and price reductions. It also connects potent...
08/23/2011
The ratings agency DBRS made principal reductions the focus of a research note released August 23, 2011. The firm's analysts stressed that as a modification technique, debt forgiveness has long been regarded as controversial in the mortgage industry due to its moral hazard risk and the potential ...
08/23/2011
Investigators are looking to determine whether Standard and Poor's (S&P) over-rated dozens of mortgage-backed securities prior to the financial crisis. The Securities and Exchange Commission has been investigating the matter for several months, and the Justice Department recently joined the inves...
08/19/2011
Lender Processing Services (LPS) issued a report Tuesday which puts the number of mortgages that are delinquent or in foreclosure at 6,538,000. The company's assessment is based on mortgage performance statistics through the end of July, derived from its loan-level database of nearly 40 million m...
08/17/2011
Fitch Ratings said today it will keep its rating on U.S. debt at the highest grade, AAA, and issued a "stable" outlook, meaning it expects the rating to stay there. It also said that the country's flexibility in monetary policy gives it the ability to absorb economic shocks. The dollar's central ...
08/17/2011
WASHINGTON, DC — Fannie Mae's (FNMA/OTC) latest quarterly National Housing Survey (NHS) finds consumer pessimism growing with concerns about job loss, as 64 percent of Americans surveyed during the second quarter saying the economy is on the wrong track, the most for any quarter since the incepti...
08/16/2011
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Timely Insights into Key Consumer Attitudes Driving Housing Decisions WASHINGTON, DC — Fannie Mae's July national consumer attitudinal survey finds that Americans' attitudes about the economy, household finances, and homeownership are growing more pessimistic – with 70 percent of Americans belie...
08/16/2011
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Providing Cutting Edge Data and Information
on the Evolving Real Estate Market
With Occasional Commentary