Market Studies

TransUnion, a global credit and information management company, released the results of its analysis of trends in the mortgage industry for the third quarter of 2008 on Monday. According to the company, mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the seventh straight quarter, hitting a national average high of 3.

A record 1.35 million homes were in foreclosure in the third quarter, according to a Mortgage Bankers Association (MBA) study released today. The association’s National Delinquency Survey puts the U.

Sales of single-family homes and condominiums in Connecticut continued slumping in October, sinking by double-digit percentages from a year earlier, according to The Warren Group, a provider of real estate data for the New England area.

The volume of refinance applications skyrocketed in the week ending November 28, 2008, according to the Mortgage Bankers Association’s (MBA’s) Weekly Mortgage Applications Survey released yesterday.

Single-family home sales in Rhode Island jumped 11 percent in October from a year earlier, the first double-digit percentage gain in monthly home sales in four years and the first significant increase in sales this year, according to a new report from The Warren Group.

Reported incidents of mortgage fraud in the United States increased by an annual rate of 45 percent during the second quarter of 2008 – on fewer loan applications – according to a new report released today by the Mortgage Asset Research Institute (MARI).

According to University Financial Associates LLC (UFA) in Ann Arbor, Michigan, we can expect defaults on non-prime mortgage loans to be 48 percent higher than they were in the last decade. Each quarter UFA evaluates economic conditions in the United States and assesses how these conditions will impact future defaults, prepayments, loss recoveries, and loan values for non-prime loans, and it measures the risk of default on newly originated non-prime mortgages.

Freddie Mac announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 7.3 percent annualized decline in U.S. house prices during the third quarter of 2008.

First American CoreLogic, a member of The First American Corporation, a provider of advance property and ownership information, analytics, and services, today released its September 2008 LoanPerformance Home Price Index (HPI).

First American CoreLogic, a member of The First American Corporation family of companies, today released the latest issue of its Core Mortgage Risk Monitor (CMRM). The CMRM forecasts delinquency risk for the real estate and mortgage industry, providing a barometer on the areas that are the most and least risky in terms of homeowners facing foreclosures due to mortgage default.