Stockhouse tells MHProNews the Canada Mortgage and Housing Corporation (CMHC) says the outlook for average rental apartment vacancies is not expect to change from the second quarter forecast of 2.2% for this year and 2.1% for 2012. Regionally for 2013 the lowest vacancy rates are forecast for Vancouver at 0.9%, …
In research that covers 75 percent of all residential mortgage applications, the Mortgage Bankers Association (MBA) reported applications fell 4.3 percent for the week ending Aug. 24. Meanwhile, nationalmortgagenews tells MHProNews refinancings accounted for 79 percent of all applications, as compared to 80 percent the previous week and 81 percent …
HousingWire says, according to the Federal Reserve Bank of New York, household indebtedness fell $53 billion from Q1 to the second quarter of 2012 to $11.38 trillion, $1.3 trillion below household debt from the third quarter of 2008. Delinquency rate for mortgages in the second quarter was at 6.9 percent, …
CNNmoney says in a complaint filed last month, the Los Angeles city attorney’s office accused U.S. Bank of contributing to crime, blighting neighborhoods, and harming property values by failing to maintain 170 foreclosed properties. With 3,000 branches in 25 states, the nation’s fifth largest bank is being called the largest …
Housing sales and prices are showing modest gains, according to RealtorMag, with economists saying the housing market will likely add to economic growth this year for the first time in seven years. July home sales rose to over ten percent better than July 2011, and prices increased 9.4 percent July …
The three major indexes moved up slightly today on the heels of the Federal Reserve’s report that regional economic activity improved, and another report showed pending home sales had reached their best level in two years. CNNMoney reports the Dow Jones Industrial Average gained +12.24 points, +0.09%, to end at …
Patrick Ind. Gains Again; Indexes Improve Modestly Read More
Despite slow economic growth and stagnant unemployment figures, HousingWire says according to FNC’s residential price index (RPI), housing prices rose for the fourth straight month in June, up 1.1% from the previous month, in the 100 largest metropolitan areas. Based on new and existing homes, but excluding distressed sales, home …
Better-than-expected housing market news and anticipation of the fed chairman’s remarks due Friday kept U.S. stocks in mixed limbo today, making small change in either direction, as the three major indexes moved 0.17% or less. CNNMoney reports the Dow Jones Industrial Average fell -21.68 points, -0.17%, to end at 13,102.99. …
Patrick Ind. Gains, Three Major Indexes Barely Budge Read More
Two of three residential real estate investment trusts (REITs) recommended as having a good yield by Marc Gerstein at seekingalpha are MHC owners. Noting the tight lending standards for potential homebuyers, the accompanying unpredictable job market, and the rise in the rental market, Gerstein says UMH Properties appeals to people …
With refinancing volume representing 71% of total loan purchases, at $23.1 billion, Freddie Mac reported it purchased $32.5 billion in loans from mortgage lenders in July, down from $44.1 billion in June, a drop of 26%. originationnews tells MHProNews while Freddie said loan purchases increased in June by $8 billion …
HousingWire reports one definite sign of good news, and another likely source of good news later this week. The first is there were no bank failures over the weekend. At this time last year regulators had closed 68 banks, but only 40 have been shuttered so far this year. Secondly, …
Investors, hoping for some word of stimulus from central banks, shied away from much activity today, reflected in the three indexes which moved less than one quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average fell -33.3 points, -0.25%, to end at 13,124.67. The Nasdaq …
Nobility Active Moving Up, Most Everything Else Ho-Hum Read More
WaToday reports from Australia modular construction techniques have been used in mining camps and other remote areas to house workers, where materials and labor are expensive to import for onsite construction. Modular methods have also contributed to the development of public buildings and social infrastructure such as schools, hospitals, nursing …
As follow-up to a story we published Aug. 17, 2012 about loan originator compensation, the Consumer Financial Protection Bureau (CFPB) has issued a new proposal which gives management more control of pricing, and prohibits loan originators from leading borrowers into higher cost or higher risk loans as a means to …
Harking back to a story we have been following since Sept. 2011 and that we last covered July 13, 2012, Edgeway Mobile Home Park in Middleboro, Massachusetts has been under a cloud of violations, court judgments, and missed deadlines since it first opened in the 1990’s, and now, since original …
Investors reacted to a letter from Federal Reserve Chairman Bernanke stating there is more room for stimulus to help the economic recovery, pushing all three indexes up, although they still lost ground for the week overall. CNNMoney reports the Dow Jones Industrial Average gained +100.51 points, +0.77%, to end the …
Nobility Leads Housing Stocks Charge, Gaining 8.37% Read More
Stockhouse reports T.J.T. Inc. of Emmett, Idaho announced the resignation of Shawn CJ Kling as President and CEO as of today, Aug. 24, 2012 to be replaced by Larry E. Kling, who has been on the board of directors since 2001. The new CEO served in that same role for …
Exec Change at T.J.T. Inc., from One Kling on to Another Read More
nationalmortgagenews tells MHProNews research firm Zillow says in its “Negative Equity Report” 400,000 fewer mortgages fell into underwater loan status in the second quarter 2012 compared to the first quarter, dropping from 15.7 million to 15.3 million Americans. Percentage-wise, the numbers dropped from 31.4% of all homeowners with balances higher …
As follow up to a story we posted Aug. 13, 2012 concerning Cameron’s Mobile Estates in Santee, California attempt to raise rents in their 303 site community by an average of $422. to $557, utsandiego says the Santee City Council unanimously upheld a decision by the Santee Manufactured Home Fair …
According to a study published in RVBusiness, Indiana ranked as the best state in the Midwest and the fifth best nationwide in which to do business, as noted by the Polllina Corporate Top Ten Business States of 2012 in conjunction with the American Economic Development Institute. In its ninth year, …
