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Email not displaying correctly? View it in your browser. HAMP Report Card Shows Only 31,000 Permanent Mods Treasury released the highly anticipated progress report on the government's foreclosure prevention program Thursday afternoon - which for the first time includes details on the number of trial modifications each servicer has converted to permanent status - and as lenders warned earlier this week, the results were disappointing. Of the more than 728,000 Home Affordable Modification Program (HAMP) trials under way across the country, 375,000 are scheduled to convert to a permanent modification by the end of the year, and only 31,382 have made the transition. Home Value Losses Stabilize in 2009: Zillow According to an analysis of the two most recent Real Estate Market Reports by Seattle-based Zillow, home value losses in the United States seem to be stabilizing. During the first 11 months of 2009, homes across the nation lost $489 billion in value, but this is significantly less than the $3.6 trillion lost during 2008. Of the 154 markets tracked by Zillow, 48 even showed gains in home values during 2009. Fitch Expects Further Deterioration of Mortgage Securities in 2010 Despite signs that the U.S. economy is now on a slow path to recovery, collateral performance will continue to be weak for all U.S. structured finance sectors next year, Fitch Ratings said in its 2010 outlook report. The firm expects downgrades to continue for residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and collateralized debt obligations (CDOs), though at a slower pace than during the debilitating days of the recession. Home Listings Continue to Decline in November: ZipRealty According to the most recent Housing Inventory Index by ZipRealty, a national real estate brokerage based in Emeryville, California, November marked the 17th consecutive month of declining housing inventory across the nation. Within the 27 major metropolitan markets surveyed by ZipRealty, the number of home listings in November 2009 fell 2.42 percent, compared to October, and year-over-year housing inventory has plummeted 27.64, according to a monthly report of homes listed for sale on Multiple Listing Services (MLS) in these markets. You are receving this email because you opted in at our website dsnews.com or attended a Five Star Conference. Unsubscribe roballey.434-974-5586@blogger.com from this list. Corporate Office: DS News 1909 Woodall Rodgers Suite 300 Dallas, TX 75201 Add us to your address book Washington Bureau: 1101 Pennsylvania Avenue NW Suite 600 Washington, D.C. 20004 Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE