Today’s News 7-1-2011

01 Jul

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Today’s news that may be of interest to you:

Fannie Mae Single-Family Delinquency Rate Falls in May
HousingWire | June 30, 2011
Fannie Mae’s conventional serious single-family mortgage delinquency rate fell five basis points to 4.14% in May, down from 4.19% a month earlier and from 5.15% a year ago, according to the government-sponsored enterprise’s monthly summary.

Pimco’s Simon: There Was Never a Housing Recovery
The Wall Street Journal | June 30, 2011
Bearish outlooks on housing aren’t hard to find these days, but one stands out even for this market.

CoreLogic May Home Price Index Rose 0.8%
HousingWire | June 30, 2011
National home prices inched up for the second-straight month in May yet remained 7.4% lower than a year earlier, according to the CoreLogic home price index.

US House Republicans Want Bond Fund to Bar Fannie, Freddie
Reuters | June 30, 2011
A group of six U.S. House Republicans told the Obama administration they are concerned Fannie Mae (FNMA.OB) and Freddie Mac

From the National Association of Realtors®:

Poll: 9 in 10 Americans Value Home Ownership
Americans still rate highly the value of home ownership, according to a new poll by The New York Times and CBS News. But see who they blame for the housing market crash and what they want the government to do to help home owners.

Where Is Mortgage Fraud Most Common?
A government agency reported this week a 31 percent jump in mortgage fraud cases for the first quarter of this year. Learn which states have the highest incidences of suspected mortgage fraud.

Will Rural States Lead a Housing Recovery?
A recovery in the housing market is already taking hold in several rural states. Find out where.

Have a safe and Happy 4th of July!


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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!


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