National foreclosures decrease 16 percent in Q2

National Mortgage Professional

Nov 20, 2006

National industry appointments update - 11/30/2006MortgagePress.comMortgage industry positions - ComplianceEase has promoted David Girling to president and CEO. - Lendia Inc. has hired Alex Wu as a Java developer. - New Century Financial Corporation's retail lending subsidiary Home123 Corporation has hired Ralph P. Melbourne as senior vice president, Retail Consumer Direct Division.

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Nov 20, 2006

Analysis and Data

August New Home Purchase Mortgage Applications Fell 17% YOY

MBA says prospective buyers turning to new homes due to lack of inventory for existing homes

Mortgage applications for new home purchases in August decreased 17% from the same month last year, but increased by 9% from July, the Mortgage Bankers Association (MBA) reported today. The MBA said its Builder Application Survey (BAS) data for August 2021 does not include ...

Analysis and Data

Home-Flipping Rates Rose, Profits Dipped in 2Q

The highest raw profits on median-home flips, measured in cash, are concentrated in the West, Northeast, and South.

The 2021 U.S. Home Flipping Report by ATTOM shows that 4.9% of all home sales in the second quarter of 2021 were single-family homes and condominiums being flipped, representing the first increase in a year. The home flipping rate rose 3.5% from the first quarter to the se...