– Will loss reserves decrease again in Q2?
– Long-term default trends broken
– Prime, Jumbo Prime, and Option ARMs leading the way
– FL and NV – 1 in 5 homeowners in default or foreclosure
– 637k NEW mortgage delinquencies in May
– Q1 new loan production down [...]
Archive for July, 2009
7-19 Mortgage Default Crisis – Brutal Past Two-Months
Sunday, July 19th, 2009 | By Mr. Mortgage7-1 May CA Housing Update — Mid-to-High End Capitulate
Friday, July 3rd, 2009 | By Mr. MortgageFirst published in The Mortgage Pages – June 19th 2009
- SF Bay Area Median House Price Jumps 12.3% — Mid-to-high end sellers begin to capitulate
More transactions will reduce prices for the mid-to-high end price bands
Mid-to-high end transactions increasing substantially as a pct of total, may put continued pressure on Case-Shiller
- CA May House Sales Anemic [...]