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Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications

by devteam July 1st, 2009

A joint report from the OCC and OTS, which includes 64% of all outstanding mortgages, shows that instances of delinquency continued to increase in the second quarter. Particularly of note is the increasing growth rate of delinquencies among loans backed

Mid-Day Recap: Markets Begin Q3 Cautiously Optimistic

by devteam July 1st, 2009

Markets were optimistic before the opening bell, and despite poor omens for the June employment report, positive data in real estate and manufacturing has helped stocks trade higher in the early hours. Two hours into the first session of the third quarter

Mixed Data for Real Estate, ISM Index Improves

by devteam July 1st, 2009

Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overall, and while contracts for home purchases are on the rise, spending on the construction of new homes

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