Foreclosure filings drop for 2d month
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The number of new foreclosure proceedings filed against Massachusetts homeowners dropped for the second straight month in April, according to a report issued yesterday.
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New applications for U.S. home loans fell last week as 30-year mortgage rates declined to their lowest level since late March, an industry group said on Wednesday.
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The nationâs number 2 buyer and backer of home mortgages saw a 45 percent drop in second-quarter profits after setting aside $300 million to account for bad loans.
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US mortgage applications fell 6.3 percent last week, the biggest decline in more than a month, as fewer people filed to buy a home or refinance.
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Business & money: Figures show sharpest fall for almost two years as trouble in the US housing market starts to spread and weigh down on consumer spending.
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Applications for U.S. home mortgages dropped last week as a decrease in purchasing activity offset an increase in refinancing activity, an industry group said on Wednesday.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   offering more evidence the country's housing market slump is   deepening.
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Applications to buy and refinance homes dropped last week, an industry trade group said on Wednesday, the latest sign that U.S. housing remains mired in a downturn.
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U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday.
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Fremont Investment &amp; Loan yesterday agreed to postpone foreclosure proceedings against 2,200 Massachusetts homeowners after state officials determined the lender gave subprime mortgages to borrowers who could not afford the loan payments.
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Applications for U.S. home mortgages dropped last week as refinancing and purchasing activity slumped in a holiday shortened week, an industry group said on Wednesday.
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U.S. commercial and personal  bankruptcy filings declined slightly in the year to June 30,  the first decline in that 12-month period since 2000, the  Administrative Office of the U.S. Courts said on Friday.
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The number of mortgages approved by banks fall for the fifth month in a row in October, figures show.
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Business & money: Lowest August mortgage approvals since 2000.
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Investor's Business Daily - The Mortgage Bankers Assn. index of applications to buy or refinance a home fell 7.3% last week to 636.4 amid higher interest rates. It was the biggest drop in 4 months. The average 30-year fixed rate rose to 6.32%, the highest since Oct., from 6.23% the week before.
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NEW YORK - New applications for US home loans dropped more than 9 percent last week even as average 30-year mortgage rates also eased from the previous week, an industry group said on Wednesday.
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The number of new claims filed for U.S. jobless benefits fell unexpectedly in the latest week, dropping 8,000 to the lowest level in two months, the government said on Thursday.