Tuesday, August 23, 2011

Morning Real Estate Review


Nationwide delinquencies on mortgages mixed, foreclosures down (Mortgage Bankers Association) National foreclosures on 1-4 unit buildings in Q2 were up slightly from Q1, but down 1.4% over this quarter last year. At the same time, foreclosures of such properties were down for the 4th straight quarter, 15 basis points below this time last year.

FHA financing record amounts of multi-family loans (Realestatrama) The federal entity has already financed more than $10b in purchase loans this fiscal year.

Washington D.C. real estate news

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