Wednesday, May 19, 2010

Summary: Busy Day

by Calculated Risk on 5/19/2010 09:44:00 PM

  • The MBA released the Q1 National Delinquency Survey showing record delinquencies:
    1) Press Release from the MBA: Delinquencies, Foreclosure Starts Fall in Latest MBA National Delinquency Survey
    2) Comments from MBA conference call.
    3) Two key graphs: Mortgage Delinquencies by Period and by State

  • First American CoreLogic reported house price declined 0.3% in March

  • The MBA also reported purchase mortgage applications 'Plummeted' to a 13 Year Low

  • Moody's reported that Commercial Real Estate prices declined 0.5% in March

    The Euro is back up a little to 1.23 dollars.

    And CNBC Pre-Market Data shows the S&P 500 futures off slightly. Morning update: Off significantly!