|
|||||
|
REALTORMag.com’s recent article reported on a study performed by PMI Mortgage Insurance Company which showed that, of the 50 most populous metropolitan areas in the United States, Long Island was one of the top 20 housing markets that would see a further decline in housing prices. Long Island was 19th overall as being the nation’s riskiest … Continue reading Long Island Named One of Riskiest Housing Markets The Associated Press reported that incidents of residential mortgage fraud committed by mortgage lenders rose at 7% last year. Although it rose at a much slower pace than the year before, this problem still exists in the mortgage industry. Yesterday, the LexisNexis Mortgage Asset Research Institute released a study that the number of mortgage fraud incidents … Continue reading Mortgage Fraud: Slowly Climbing, But Still Climbing According to a recent report by Mortgage Daily, a national mortgage industry news publication, employment in the mortgage industry expanded in 2009, after over 100,000 jobs were lost over the last three years. During 2009, net mortgage employment increased by 8,321 jobs, showing a marked increase from 2007 and 2008 when the industry lost 36,766 jobs … Continue reading U.S. Mortgage Industry Grew In 2009 After rising continuously for five weeks, mortgage rates dropped, though they still remain above the 5% level. According to Freddie Mac’s weekly survey of mortgage rates, 30-year fixed-rate mortgage rates fell to 5.09% for the week ending January 7, 2010 from 5.14% the previous week. The rates on 15-year fixed-rate mortgages declined from 4.54% to … Continue reading Mortgage Rates Fall After a Five-Week Rise Mortgage giant Fannie Mae released its December Housing Forecast yesterday. Despite the lackluster performance of the housing market and economy this year, the forecast predicts double-digit gains for the real estate industry in 2010. According to the forecast, existing home sales may rise by 10% next year, compared to the estimated gain of 3.1% during 2009. … Continue reading Fannie Mae’s December Housing Forecast Expects Real Estate Market to Rebound But Predicts Disappointing Performance For Mortgage Lenders in 2010 |
 |
||||
|
Copyright © 2012 Affordable Financial Services Blog - All Rights Reserved |
|||||
Recent Comments