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Administration Announces Financial Fraud Unit

by devteam November 17th, 2009

Attorney General Eric Holder today announced the formation of an interagency task force to investigate and prosecute financial fraud. The group will look at both past activities surrounding the recent mortgage and credit crises but will attempt to spot unfolding trends that could harm individuals and institutions.

Home Builders Expecting Increased Activity in 2010. Appraisal Issues a Concern

by devteam November 17th, 2009

The November Housing Market Index was unchanged from October's downwardly revised level of 17. The component gauging current sales conditions and the component gauging traffic of prospective buyers also remained unchanged, at 17 and 13, respectively. The component gauging sales expectations for the next six months did however improve, moving up two points, to 28.

TransUnion: Mortgage Delinquencies Still On Rise, But at Slower Pace

by devteam November 17th, 2009

National credit agency TransUnion reported today that, while mortgage delinquency rates continue to rise and have reached record levels, the rate of increase has now declined in each of the last three quarters.

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