Home Price Declines Deepen In Major US Markets (AP)

us-house-prices-decline-graph

11 Markets At Lowest Level Since Housing Bust DEREK KRAVITZ, AP Real Estate Writers Posted: 6:05 am PDT March 29, 2011 NEW YORK — Damage from the housing bust is spreading to areas once thought to be immune. In at least 14 major U.S. metro areas, prices have fallen to 2003 levels – when the… Read More

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BOA loan modifications reach 600,000 (Seattle Times)

Bank of America says 600,000 mortgages modified Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008. The Associated Press CALABASAS, Calif. — Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since… Read More

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US Treasury Stepping in on slow moving banks (Reuters)

US Treasury sets guidance on housing short sales Mon Nov 30, 2009 4:15pm EST More Business & Investing News… NEW YORK, Nov 30 (Reuters) – The U.S. Treasury on Monday set guidance on a plan for mortgage companies to use “short sales” and other loan modification alternatives to stem a rising tide of foreclosures. The… Read More

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WSJ Quarterly Housing Survey: More Pain to Come

I meant to get to this last week, but the day it came out, I was mostly drunk (my bday), and I somehow missed it: “Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the countr

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