Freddie Mac has announced that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series for the United States registered a 1.1 percent decline from the first quarter of 2009 to the first quarter of 2010. In the first quarter of 2010, the U.S. Index was down 2.1 percent (-eight percent annualized) relative to the fourth quarter, on a not-seasonally adjusted basis.Read more

Lenders sharply cut prime mortgage lending in minority communities in recent years—for both home purchases and refinancing of existing mortgages.Read more

Independent mortgage bankers and subsidiaries made an average profit of $902 on each loan they originated in the third quarter of 2009, according to a study by the Mortgage Bankers Association (MBA). This profit marks a decrease from the second quarter of 2009 when profits averaged $1,358 per loan, according to the MBA's most recent Quarterly Mortgage Bankers Performance Report. This report measures the performance of independent mortgage bankers and subsidiaries of banks, thrifts and hedge funds.Read more

Independent mortgage bankers and subsidiaries made an average profit of $1,358 on each loan they originated in the second quarter of 2009, according to the Mortgage Bankers Association (MBA). This profit marks an increase from the first quarter of 2009 when profits averaged $1,088 per loan, according to the MBA's most recent Quarterly Mortgage Bankers Performance Report. This report measures the performance of independent mortgage bankers and subsidiaries of banks, thrifts and hedge funds.Read more

Freddie Mac announced that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 1.7 percent quarterly gain (7.0 percent annualized) during the second quarter 2009 for the U.S., following a downward revised 1.5 percent drop (–5.9 percent annualized) in the first quarter. Over the year ending with the second quarter of 2009, U.S. home sales prices fell 6.7 percent in the CMHPI Purchase-Only Series--less than the 8.5 percent annual decline recorded between the first quarter of 2007 and the first quarter of 2008.Read more