Average U.S. LTV Deteriorates
When comparing the amount of home loans to the properties securing them, the ratio deteriorated in the final three months of 2013. Still, the number of negative-equity borrowers continued to trend lower.
Pending Home Sales Weak in January, Lower in West
Severe weather conditions, a tight inventory and high prices all played a role in restraining pending home sales. The West suffered the biggest setback.
Surge in New Home Sales Provides Renewed Optimism
An increase in the rate of new home sales provides market watchers with a fresh round of optimism about the U.S. housing market.
2 Consecutive Months of Home Price Declines
Home prices moved lower for the second consecutive month, another sign that the U.S. housing recovery is weakening.
CMBS Delinquency Expected to Decline Further
Despite deterioration in delinquency on four commercial property types, overall performance on commercial mortgage-backed securities managed an improvement last month. The forecast calls for delinquency to decline at least another 130 basis points this year.
Gov Guaranties Have No Place in Mortgage Lending
While many see government guarantees in mortgage lending as essential to home ownership, an opinion piece from a conservative think tank suggests there has been little benefit from affordable housing efforts up to this point.
HELOC Resurgence In Process
Home-equity lines of credit, which all but disappeared after the credit crisis erupted and home values plummeted, are making a comeback.
Home Builder Confidence Slides
Home builder confidence slumped this month, suffering its steepest decline in nearly three decades. Weather and supply impacted activity.
Freddie Offering Incentives on REOs
Not to be outdone by its government-controlled rival, the Federal Home Loan Mortgage Corp. is making concessions to buyers of its real estate owned.
Home Affordability Improves
Home affordability took a turn for the better in the fourth quarter. Among the biggest cities, homeowners in the most expensive metropolitan area need to earn nearly $100,000 more than borrowers in the least expensive area.