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Mortgage Fraud Falls in Q4, Florida Ranks Highest in Dollar Volume

Mortgage Daily's Mortgage Fraud Index fell to its lowest level in nearly five years in Q4 2012, but the drop may just be a temporary dip. The fraud index read 758 in the fourth quarter, down from 1,017 in Q3 and 1,141 in Q4 2011. According to Mortgage Daily, the fourth-quarter index reading was the lowest since first-quarter 2008. In terms of dollar amount of loans involved in fraud, California posted a decline from the third quarter, when it ranked No. 1. It was replaced by Florida, which reported about $246.9 billion involved in fraudulent activity.

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Commentary: It Happens Every Month

Just as there is no Democratic or Republican way to collect garbage okay, there might be depending on how much government you want there should be no Democratic or Republican economic data. The numbers are what they are, not what your political lens tells you they are. That said, when data such as the March report are released--weak job growth, yet a drop in the unemployment rate--conspiracy theorists emerge from the woodwork.

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Redfin: Buyers Not Driven Off by Low Inventory

While inventory shortage has created myriad problems for buyers, they're apparently undeterred from their home searches, according to data from Redfin. The brokerage's Real-Time Demand Pulse for April (which examines March data) shows strong monthly gains in the number of Redfin customers touring homes and in the number of signed offers being made, indicating potential pickups in April and May sales. Redfin analyst Tim Ellis noted the struggle to find new listings "only seems to be strengthening the resolve of today's buyers."

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Realtor.com Celebrates 17th Year of Helping Homebuyers

Realtor.com, a leader in online real estate operated by Move, Inc., is celebrating its 17th year of helping buyers find their dream homes. Since 1996, Realtor.com has seen its active user base grow by more than 20 million and has cultivated relationships with more than 800 multiple listing services (MLSs), more than any other real estate website.

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First-Time Jobless Claims Spike to 4-Month High

Unemployment

First-time claims for unemployment insurance jumped an unexpected 28,000 to 385,000--the highest level since November--for the week ending March 30, the Labor Department reported Thursday. Economists expected claims to rise to 350,000. Initial jobless claims for the week ending March 23 were unchanged at 357,000.

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CoreLogic: Home Prices Continue to Show Yearly Improvement

CoreLogic's Home Price Index (HPI) posted its largest annual increase in nearly seven years in February. Among the largest metros, Phoenix posted the largest year-over-year increase at 20.8 percent. Other metros that posted double-digit increases included Los Angeles (+14.5 percent), Riverside (+13.2 percent), and Atlanta (+12.4 percent). Furthermore, CoreLogic's Pending HPI projects another 10.2 percent year-over-year increase. From February to March, prices are expected to rise by 1.2 percent.

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Survey: Home Buyers Overall Pleased with Purchase Experience

Almost two-thirds of homeowners who purchased homes in the past 10 years consider their home-buying experience excellent or very good, according to survey results released Tuesday by TD Bank, based in Portland, Maine. About 55 percent of survey respondents rated their ability to find a good real estate agent and their experience with the inspection and appraisal process as "excellent" or "very good." However, finding the right lender proved to be trickier for many respondents.

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