HUD Reports U.S. New Home Sales Decline in June

David Crowe According to HUD and the U.S. Census Bureau, sales of newly built, single-family homes slowed 8.4 percent to a seasonally adjusted annual rate of 350,000 units in June following an upwardly revised, strong pace in the previous month. “While we would have liked to see
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U.S. Foreclosures Increase in September, Loan Delinquency Rates Decline

According to Lender Processing Services’ “first look” month-end mortgage performance statistics report for September 2011, delinquency rates dipped as foreclosures increased. This data is derived from their loan-level database of nearly 40 million U.S. mortgage loans
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