http://www.stocktonrealestatespecialist.com Stockton Real Estate Opinion Thu, 02 Jul 2009 15:58:55 +0000 http://backend.userland.com/rss092 en Yesterday, the Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending June 26, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 444.8, a decrease of 18.9 percent on a seasonally adjusted basis from 548.2 one week earlier. On an ... http://www.stocktonrealestatespecialist.com/mortgage-applications-slowing-down According to a report just released by the Office of the Comptroller of the Currency and the Office of Thrift Supervision, delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job ... http://www.stocktonrealestatespecialist.com/delinquency-rates-on-least-risky-mortgages-more-than-double Take Control with a Self-Directed IRA.Pat Holkesvig and Your Home Team are hosting two FREE seminars on the basics of Self-Directed IRA investing.  The seminars will be at 1 and 6 P.M. on July 16th.  We will provide you with the opportunity to understand what you can gain through a self-directed IRA. Topics will include: What is a ... http://www.stocktonrealestatespecialist.com/july-16th-stockton-seminar-how-to-use-you-ira-to-purchase-real-estate Our great state legislature passed a bill providing for a 90 day moratorium on foreclosures.  Sounds good right?  Truth is that the 90%+ of the mortgages facing foreclosure are being serviced by companies that are exempt from the bill.  What was the point of the legislation?  Clueless in Sacramento!  A list of the ... http://www.stocktonrealestatespecialist.com/californias-90-day-foreclosure-moritorium-is-a-sham Current housing policy is attempting to address the needs of home owners facing a cash crunch.  Not being addressed however are the homeowners who now are 40 - 60% underwater with their existing mortgages.  These homeowners may be able to afford the payment but some are making an economic decision ... http://www.stocktonrealestatespecialist.com/new-study-suggests-more-than-25-of-mortgage-defaults-are-strategic According to Lender Processing Services Inc.'s (LPS) Monthly Mortgage Monitor, the spread between loans that are improving and loans that are deteriorating grew to the widest it’s been since November 2008. The deterioration ratio, which compares deteriorating loans against improving loans, stood at 277%. The highest deterioration rates occurred in ... http://www.stocktonrealestatespecialist.com/loan-delinquencies-increase-in-may The benchmark 30-year fixed-rate mortgage rose 30 basis points to 5.95%, according to Bankrate.com, while the 15-year fixed-rate rose 31 basis points to 5.37%. In the last 3 weeks the 30-year fixed-rate mortgages have increased from 5.29% to an average 5.59% with an average 0.7 point for the week ending ... http://www.stocktonrealestatespecialist.com/mortgage-rates-are-on-the-rise According to the President of Integrated Asset Services, “It’s too soon to call this a turn in the housing market, particularly given all the political and regulatory uncertainties, I think that we’re still in for some difficult spells ahead, but we are seeing a certain kind of pricing equilibrium in ... http://www.stocktonrealestatespecialist.com/are-housing-prices-starting-to-stablize It seems that the combination of President Obama's housing program to boost mortgage modifications and refinancing accompanied by rock-bottom loan rates wasn't enough to create the desired mortgage bond repayment wave in May. Wall Street has predicted for months that prepayments would surge as the Obama plan kicked in and mortgage ... http://www.stocktonrealestatespecialist.com/obama-plan-has-small-impact-on-us-mortgage-prepays Now is the chance to have your voice be heard. The Federal Trade Commission (FTC), has announced it is seeking public comment relating to the fairness of loan modification and foreclosure rescue practices. Public comment will allow the FTC to assess whether rules would be useful in protecting consumers of these services, and ... http://www.stocktonrealestatespecialist.com/ftc-seeks-public-comment-on-mortgage-rescue-practices