CoreLogic: Good and bad in Phoenix, U.S. housing markets - CoreLogic released its U.S. Housing and Mortgage Trends report today with an interesting mix of national and local information. Here’s a look at data for the Phoenix metro area for July 2011:
- Total sales: 9,346
- REO sales: 3,415
- Short sales: 1,327
- Percent of sales that were distressed: 50.7 percent
- Home prices month-over-month: Up 1.3 percent
- Percent of home loans 90 days delinquent or longer: 9.9 percent
- Pre-foreclosure filings: 6,022
- Auction filings: 6,035
Read article:
http://www.bizjournals.com/phoenix/blog/business/2011/10/corelogic-good-and-bad-in-phoenix.html
What Your Clients Can Do If Rejected for a Loan - Lending experts say buyers shouldn’t give up if rejected for a loan — they may still be able to qualify for a mortgage if they keep trying. They should take a close evaluation of why the original mortgage application was turned down, and find ways to address those issues. Applicants can, by law, find out why they were rejected in a mortgage application. Some borrowers may need to save up for a larger down payment or take steps to improve their credit score. Others may find shopping around for other lenders can help. Read article:
http://realtormag.realtor.org/daily-news/2011/10/17/what-your-clients-can-do-if-rejected-for-loan
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