The very last article today seems to suggest that denials of new loan applications are up, however the author never comes out and says that. I wonder, is it simply an alarmist piece trying to create bad news where there is none? Are denials up, or down? I’d love your feedback on my blog today!
Today’s news that may be of interest to you:
No Recession for U.S. as Forecasts Improve
Bloomberg | October 10, 2011
The U.S. has likely dodged a recession for now, even though it’s too early to sound the all- clear for the economy.
Recession Officially Over, U.S. Incomes Kept Falling
The New York Times | October 10, 2011
In a grim sign of the enduring nature of the economic slump, a new report shows that despite some improvement in the economy, household incomes have lagged.
Recession Lingers for Many
The Wall Street Journal | October 7, 2011
More than a third of small-business owners say the country is still in a recession, and their plans for hiring and capital expenditures are mixed, a recent survey shows.
Fannie, Freddie Expand Allowable Foreclosure Assistance for Military
HousingWire | October 7, 2011
Fannie Mae and Freddie Mac will allow military members to claim a permanent change of station order as a hardship to be evaluated for foreclosure assistance.
Housing Industry Jobs Down for Fourth Month in September
HousingWire | October 8, 2011
The housing industry lost 5,700 jobs in September, marking its fourth consecutive month of employment shrinkage, preliminary figures from the Department of Labor show.
Homeownership Decline Outpaces All But Great Depression
DSNews.com | October 7, 2011
The national homeownership rate fell by 1.1 percentage points between 2000 and 2010. The U.S. Census Bureau says it’s the steepest drop since the period from 1930 to 1940, when the rate plummeted by 4.2 percentage points.
From the National Association of Realtors®:
23 Housing Markets Show Big Improvement
Learn which markets have seen the biggest improvement in housing permits, employment, and housing prices over the last six months, according to the National Association of Home Builders’ new Improving Markets Index.
30% of Buyers Denied, Give Up Getting Mortgage
More stringent lending requirements are keeping more buyers on the sidelines. More than 2 million people were turned down for mortgages last year, according to federal data. Source article is: Triggers for Rejection from The New York Times.
Anthony V. Carollo / President
Stewart Title of Spokane
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Spokane, WA 99201
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Direct Fax: 866.652.8834
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