The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. » Read more…
Tag Archives: housing prices
New wave of foreclosures threatens market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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U.S. Mortgage Applications Fall for Fifth Week on Refinancing
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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The number of mortgage applications in the U.S. declined for a fifth straight week, led by a drop in refinancing even as mortgage rates fell to a record low. » Read more…
Mortgage lending down amid warnings of second house price crash
Posted by admin on February 28, 2011
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Mortgage lending has fallen to its fourth lowest level on record amid warnings of a second crash in house prices.
The latest figures from the Bank of England revealed that net lending – which strips out redemptions and repayments – dropped to just £86 million in July, a steep fall from June’s £518 million. » Read more…