Lower rates sent applications to refinance mortgages shooting up 17.7 percent the week ending July 10, but requests for purchase loans were down 9.4 percent, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey. July 15, 2009
A record 1.5 million properties were in the foreclosure process – default notices, auction sale notices and bank repossessions – during the first six months of 2009, according to a report by RealyTrac. CNN: 1.5 million homes in foreclosure in '09 By Les Christie07/16/2009A
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