30258-foreclosures-skyrockets-in-northeast-west-coast

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The most costly of these foreclosure rescue scams -- and now the most pervasive -- involve or are directed by attorneys, according to the analysis, which was conducted by the Lawyers’ Committee for Civil Rights Under Law, a group that helps monitor the hotline. - Brena Swanson in HousingWire http://www.housingwire.com/articles/30262-lawyers-are-the-new-housing-predator
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Shared by M. Freidrich, Belgium

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....sales this year will likely be too weak to pull sales for all of 2014 ahead of last year. -- Trey Garrision in HousingWire http://www.housingwire.com/articles/30253-largest-mortgage-financier-the-great-home-recovery-reversal
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In 2008, a conservatorship agreement required that Fannie and Freddie pay the U.S. Treasury a 10% dividend payment to repay the loan that was made. To date, the GSEs have repaid $204 billion dollars to the Treasury, tens of billions in excess of what was originally loaned, but the government refuses to exit its conservatorship.

Since January of 2013, the government has been confiscating 100% of Fannie and Freddie dividends. -Trey Garrison in HousingWire http://www.housingwire.com/articles/30265-fix-the-gses-dont-end-them-rosner-says-at-investors-unite

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Shared by Darja Vizjak, Žička kartuzija, Slovenia

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Fannie Mae and Freddie Mac, the government-sponsored enterprises that dominate the market, now almost always require 5% down, even with private mortgage insurance. While private insurers will support downpayments as low as 3%, the GSEs' regulator sounds wary of letting Fannie and Freddie lean more on these carriers. The Federal Housing Administration allows as little as 3.5% equity, but its premiums are becoming more expensive for borrowers. -- Bonnie Sinnock in National Mortagage News http://www.nationalmortgagenews.com/news/origination/why-mortgage-downpayment-requirement-is-so-hard-to-relax-1041956-1.
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The previous week’s results included an adjustment for the Memorial Day holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 10.3% on a seasonally adjusted basis from one week earlier. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30280-mortgage-applications-unexpectedly-jump-10-for-week
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Shared by Kyoung Woo Park, London

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Did you know there are certain transactions that the TILA-RESPA rule does not apply to? In fact, all transactions not covered by the TILA-RESPA rule must continue to use the GFE, HUD-1 and Truth-in-Lending disclosures. Here’s a list of those types of transactions: -- Mat Corcoran in HousingWire http://www.housingwire.com/blogs/5-closing-call/post/30279-not-all-loans-are-governed-by-tila-respa-rule
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Realtors expect home prices to continue to appreciate over the next year, with a median price increase expected of 4% over the next 12 months, according to the latest survey of the National Association of Realtors in their confidence index. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30288-realtors-expect-median-home-prices-to-rise-4
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Shared by Uros Kralj, taken by Amanda Lisa Syers, Philipsburg, St Martaan

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5 bizarre buildings that will probably never sell Brena Swanson in HousingWire http://www.housingwire.com/blogs/1-rewired/post/30292-bizarre-buildings-that-will-probably-never-sell

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Nat'l Real Estate Post:
IMF warns of a global housing crash. Across the globe, housing prices have risen for seven straight quarters. People cannot afford to buy homes in their own countries. In 2013, international investment in US real estate was down $14.3 billion dollars from 2012. China represented 12% or $8.4 billion. If their real estate is less affordable than ours is, their investment in our real estate will continue to fall, which means our real estate market will suffer. The median price for a house has out paced the median price for a home in Canada, UK, Australia, and others. This means international investment is declining and will continue to decline through this year. If they can't afford a home in their own country, they won't be buying here. The IMF is recommending tighter lending standards to all countries and a tax on those who want to invest outside their own market. But, we still have it good compared to other countries around the world in the income vs. home prices.
http://thenationalrealestatepost.com/imf-warns-of-global-housing-crash/?
Shared by M. Freidrich, Düsseldorf ' Mediahafen

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CoreLogic released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in negative equity as of Q1 2014 compared to 6.6 million homes, or 13.4 percent for Q4 2013. As a year-over-year comparison, the negative equity share was 20.2 percent, or 9.8 million homes, in Q1 2013. -- National Mortgage Professional Magazine
http://nationalmortgageprofessional.com/news49541/More-Than-300000-Homes-Make-Return-Positive-Equity-Q1
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30 Year Fixed: 4.125%		APR 4.387%
15 Year Fixed: 3.250%		APR 3.438%
7/1 ARM: 3.250%		APR 3.579%
5/1 ARM: 2.875%		APR .265%
FHA 30 Year Fixed: 3.750%		APR 5.423%
Jumbo 30 Year Fixed: 4.250%		APR 4.452%
Jumbo 15 Year Fixed: 3.500%		APR 3.665%
Jumbo 7 year ARM: 3.375%		APR 3.692%
Jumbo 5 year ARM: 3.000%		APR 3.389%