The PrimeX indexes, which track the performance of mortgages taken out by credit-worthy, or prime, borrowers from 2005 to 2007, have fallen an average of 5% in a little over a month as trading volume has jumped. The prolonged slide in the housing market has sparked worries that many prime borrowers will be left with houses […]

The  Mortgage Bankers Association reported that its index of mortgage applications rose only 0.2% for the week ended October 28. The purchase component of the index, which advanced 6.4% in the prior week, advanced 1.8%. The October average to date for the purchase index is up 0.2% versus the depressed September average. This result suggests […]

Those who were foreclosed upon in 2009 and 2010 will be able to request  an independent review to get compensated if errors were made, federal regulators said Wednesday.  The reviews apply to 14 banks that were sanctioned by Federal agencies.  Some of the situations where borrowers potentially could be compensated include: If the mortgage balance at […]

U.S. home prices rose 0.2% in August but declined 3.8% on an annual basis according to the S&P/Case-Shiller 20 city composite index which was released Tuesday.  Another monthly index released on the same day by the Federal Housing Finance Agency (FHFA) said home prices slipped 0.1% on a seasonally adjusted basis, and 4.0% over the prior […]

Real estate listings were down by 49% in Miami, by 48% in Phoenix and by 46% in Orlando, Fla. Housing inventory was down from one year earlier in all 146 markets tracked by Realtor.com except for Denver and El Paso, Texas. While falling inventories are typically a sign of health, because reduced competition can boost prices, that […]