Here’s what the typical homebuyer profile looks like in 2011.
Posts Tagged ‘NAR’
33% Of Realtors Reporting Cancelled Home Purchase Contracts. True From Where I Sit.
A word from the trenches on why homebuyers are getting cold feet.
How Much Do Realtors Spend Lobbying Higher Loan Limits?
NAR lobbying budget. Jumbos next to default?
DEBATE RESUMES: Conforming & FHA Loan Limits 2011-2012
Latest on loan limit debate in Washington. Now to Nov 18 is key.
Fundamentals 9/21: CHART of Home Sales & Rates
Existing Home Sales (August) -Seasonally Adjusted Annual Rate 5,030,000 -Previous was 4,670,000 -Month/Month Change +7.7% -Full report from NAR -Below is a chart of monthly Existing Home Sales (grey bars) and mortgage rates (brown line.) The value if that chart is mitigated by the First Time Homebuyer credit which expired April 2011. People not in [...]
New Foreclosure Plan. How Realtors Assn Spins Data.
The U.S. Treasury Department is exploring a plan that could help 1 million or more homeowners avoid foreclosure. It applies to non-agency (in securities not issued by government agencies) mortgages, and is an attempt to promote modifications of delinquent or defaulted home loans, including write-downs of principal, by bringing fresh private capital into the market.
Key Realtor Stats. Including Median Income: $34k
The National Association of Realtors (NAR) released a survey of their members today (hat tip Rob), and here are all main stats from the full report. NAR says that their Realtors represent more than half of the approximately 2 million active real estate licenses today.
Big Bank ‘Cash For Keys’ Foreclosure Program. NAR’s Shadow Inventory Map
According to a story in the Financial Times, “The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis…The industry-wide “cash for keys” program would involve the biggest servicers paying borrowers [...]
Rates Up After Treasury Says It’ll Sell Mortgage Bond Holdings
Rates are up .125% today after Treasury said it would start selling it’s $142b mortgage bond portfolio this month at a rate of $10b per month. Mortgages were down more than 50 basis points on the initial news, and are now only down 22 bps. Traders are realizing that the Fed’s MBS holdings represent the [...]
Future of Mortgages, part 5: Pros/Cons of Dismantling Fannie & Freddie
Last Thursday, while on a tour of the Chicago Mercantile Exchange, my son and I met and chatted with CNBC futures reporter Rick Santelli. I told him that I was there to speak at a Fannie Mae regional meeting, he launched into a dissertation about how better off the mortgage industry would be if the [...]
