Posts By Brendan Fontaine


Location


86 Main Street - Suite 201,
Auburn, Maine 04210

Phone: 207-514-0855

Posts

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS

On October 4, 2011, in Mortgage News, Real Estate, by Brendan Fontaine

HUD No. 11-215 Shantae Goodloe (202)-708-0685 FOR RELEASE Wednesday September 14, 2011 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS Foreclosure protection offered to displaced families in three counties WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State Of Maine and provide support [...]

Home Prices Rise For Fourth Consecutive Month

On September 28, 2011, in Mortgage News, Mortgage Rates, Real Estate, by Brendan Fontaine

Home Prices Rise For Fourth Consecutive Month The S&P/Case-Shiller Home Price Indices though July 2011 showed its fourth consecutive month of increases, with both the 10- and 20-city composites up 0.9 percent in July over June. David M. Blitzer, chairman of the index committee at S&P Indices, said July’s data shows fairly broad improvement in [...]

New Home Sales Up 6.1 Percent Over August 2010

On September 27, 2011, in Mortgage News, Mortgage Rates, Real Estate, by Brendan Fontaine

Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; [...]

Existing Home Sales Hit Five Month High

On September 22, 2011, in Home Buying Process, Mortgage Rates, by Brendan Fontaine

Sales of previously owned homes hit a five-month high in August, according to data from The National Association of Realtors. Existing-home sales spiked 7.7 percent to an annual rate of 5.03 million units, exceeding economists’ expectations. Total sales, including single-family, townhomes, condominiums, and co-ops, were 18.6 percent higher than they were in August of last [...]

Mortgage Application Activity Increases

On September 21, 2011, in Mortgage News, Mortgage Rates, by Brendan Fontaine

Mortgage Application Activity Increases According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the index was up 25.2 percent from the week before, which included Labor Day. The Refinance [...]

Building Permits On The Rise In August

On September 21, 2011, in Mortgage News, Real Estate, by Brendan Fontaine

Building Permits On The Rise In August Permits to build privately-owned housing units in August rose 3.2 percent above July’s estimates and 7.8 percent above last year, according to new residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family building permits rose 2.5 percent above the month [...]