Daily Archives: June 13, 2012

Herring Returns to First Herring Brook for First Time in Decades!

North and South River Watershed Association, June 13th, 2012 Dear Friends of the Rivers – Herring Return to First Herring Brook for First Time in Decades! A milestone has occurred! This spring, for the first time in decades, volunteers documented … Continue reading

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Mass. Realtors: May Pending Sales up 32% over May 2011

Bankers&Tradesmen.com, June 12th,2012 The Massachusetts Association of Realtors (MAR) says the number of single-family homes put under agreement increased in May for the 13th straight month compared to the same period a year ago. MAR said 5,267 single-family homes were … Continue reading

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New Mortgages 20% More Likely to Default than those from the ’90s

06/12/2012 By: Esther Cho, DSNews.com Investors and lenders should expect loans currently originated to have a 20 percent higher chance of default than those originated in the ’90s due to current economic conditions, according to the University Financial Associates (UFA). … Continue reading

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FHFA Plans Extensive Monitoring of First REO-to-Rental Transaction

By Jon Prior • June 11, 2012 • HousingWire.com The Federal Housing Finance Agency will methodically analyze several pieces of the first REO-to-rental transaction, including how much it should monitor investor compliance to certain rules. The FHFA announced the pilot … Continue reading

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Rental Market Still Tightening: Moody’s

06/12/2012 By: Esther Cho, DSNews.com With vacancies declining and rental prices rising, the climate in the housing industry is clearly warming up to rental properties. According to Moody’s Analytics, “weak income gains, favorable demographics, and the foreclosure crises” are all … Continue reading

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Foreclosure Radar: May Activity Dominated by Local Conditons

06/12/2012 By: Tory Barringer, DSNews.com Foreclosure activity in May was marked by lenders being impacted by local market conditions rather than any national trend, according to ForeclosureRadar’s May 2012 Foreclosure Report. The report examined all foreclosure activity-sales, starts, and timelines-for … Continue reading

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Mortgage Applications Soar to Highest Level since Spring 2009

By Kerri Panchuk • June 13, 2012 • HousingWire.com With interest rates well below 4% for the week ending June 8, total mortgage applications soared 18% from the previous week, an industry trade group said Tuesday. The Mortgage Bankers Association … Continue reading

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