JB Group Weekly Tweet Recap for 2010-07-25
  • Home Builder Confidence Expectedly Low in July – Judging from responses to the July survey of their attitudes toward… http://ow.ly/18cHzQ #
  • New Construction of Single-Family Homes Goes Stagnate – The U.S. Census Bureau and the Department of Housing and Urb… http://ow.ly/18dEbK #
  • Small indications that lending guidelines are easing ever so slightly. LTV max on Jumbos & Cash Out loans improving w/some of our investors. #
  • Administration Issues Second Monthly Housing Scorecard – The second edition of the new Obama Administration Housing … http://ow.ly/18eFkC #
  • Existing Home Inventory Climbs. Several Issues Strain Buyer Demand http://ow.ly/18fEAw #
  • is locking No-Cost refi's at 4.5%, 30 year fixed for loans with Fico's over 720, balances over $275k. APR=Note Rate, No Costs, Period. #
  • FYI, HUD recently released a proposal w/some key changes, including lowering Seller concessions from 6% down to 3%. #