Mortgage Bankers Weekly Update: Mortgage Applications Decrease - 09/26/10 07:02 PM
Thanks to Howard for gathering this information. As always, the national average varies widely from region to region. "Homebuilder Profits up" claimed just last week on Wall Street 'does not compute' with actual housing starts going down.

Via Howard Bell (www.yourpropertypath.com):
Mortgage Bankers Association for the week of  09/22/2010
Market Composite Index:(loan application volume)    decreased 1.4 percent on a seasonally adjusted basis from one week earlier.  Refinance Index: decreased 0.9 percent from the previous week, which is the third straight weekly decrease. Purchase Index: decreased 3.3 percent from one week earlierRefinance Share of Mortgage Activity: increased to 81.1 percent of total applications from 80.5 percent the previous week.Arm Share: decreased to 5.9 percent from 6.2 … (0 comments)

Today's Distressed Homeowner is Tomorrow's BUYER! - 09/25/10 08:52 PM
Unfortunately, by the time most distressed borrowers seek help to avoid Foreclosure, they have often been struggling with income loss, divorce, legal or health issues for so long that theyre are not only falling behind financially but they are as one fellow put it to me: "taking drugs to just to sleep at night from the stress". This does not paint a picture of a person ready and able to put up a decent defense with their bank or have the energy to direct their own loan modification or self help bankruptcy. Far from it. Being financially strapped as well, paid legal help is usually out of the … (4 comments)