In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak …
The amount of time it takes to foreclose on a home is increasing, meaning that delinquent borrowers can stay in their houses for months after they stop making payments, according to Freddie Mac.
Freddie Mac, which, along with Fannie Mae finances abou…
KB Home (KBH) reported a quarterly loss of 2 cents per share, compared with 87 cents per share a year earlier.
Revenue was $501 million in the quarter ended Aug. 31, the company said in a statement. That’s a 9% increase from a year earlier.
The company incurred $3.3 million of inventory impairment of land option contract abandonment charges in the quarter, compared with $47.7…
Continue reading KB Home Posts Narrower Earnings Loss
KB Home Posts Narrower Earnings Loss originally appeared on DailyFinance on Fri, 24 Sep 2010 08:45:00.
Filed Under: Company News, Earnings, Real Estate, Credit
The number of applications for mortgage loans fell last week as demand for refinancing loans weakened.
The total loan applications index fell 8.9% on a seasonally adjusted basis from a week earlier, with applications for refinancing loans slipping 10.8%, the Mortgage Bankers Association said. These figures include an adjustment to account for the Labor Day holiday.
Applications for…
Continue reading Mortgage Applications Drop on Weaker Demand for Refinancing
Mortgage Applications Drop on Weaker Demand for Refinancing originally appeared on DailyFinance on Wed, 15 Sep 2010 09:10:00.
Filed Under: Economy, Investing, Real Estate, Credit