In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.
Mortgage applications to buy a home plunged last week - to the lowest level in more than 13 years - as the housing recovery continued to struggle following the expiration of the homebuyer tax credit, an industry group said Wednesday.
Despite all the hand-wringing and attempts to contain the foreclosure plague, the problem still spread during the first three months of 2009, as the number of foreclosure actions started hit a record high, according to a quarterly report.
Applications for U.S. residential mortgages fell last week for the first time in three weeks, weighed by a sharp drop in demand for home-purchase and refinancing loans, an industry group said Wednesday.
The volume of mortgage applications slid last week to their weakest level in more than five months, an industry group said Wednesday, as demand for loans to buy homes eroded amid escalating credit concerns.
Mortgage applications in the U.S. declined for the fourth straight week as a decline in refinancing activity offset an increase in new home applications, according to the latest report by the Mortgage Bankers Association.