Tag Archive | "defaults"
Positive Equity is Driving Down Defaults
Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms.
Continue reading...Nothing to Fear from Zombie Houses
Tuesday, April 2, 2013
Are zombie houses where the monsters live in the latest Resident Evil sequel? Or are they fraternities decked out for Halloween? Neither.
Continue reading...Foreclosure Inventory Ballooned in First Quarter
Thursday, March 28, 2013
The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact.
Continue reading...Short Sales Are Growing Longer
Wednesday, March 27, 2013
Perhaps the greatest advantage of a short sale to beleaguered homeowner facing default and foreclosure is the opportunity to move on with life and put the bad debt behind them as quickly as possible. That advantage is shrinking as short sales take longer to sell than foreclosures.
Continue reading...The Shadow Inventory is Slowly Disappearing
Tuesday, March 26, 2013
Florida, California, New York, Illinois and New Jersey were home to four out of ten distressed properties in the nation in January, an indication of how far east America's foreclosure nightmare has moved
Continue reading...Florida Shifts into Reverse
Wednesday, March 20, 2013
While the rest of the nation's housing markets experience various levels of recovery, most markets in Florida seem to be relapsing to the heyday of the Foreclosure Era after a brief period of improvement.
Continue reading...Short Sales Soared While Foreclosures Fell
Thursday, February 28, 2013
RealtyTrac reported today 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010.
Continue reading...First-time Buyers to Pay for FHA’s Financial Crisis
Wednesday, February 20, 2013
Facing a financial crisis, FHA is asking first-time buyers to pay for the sins of borrowers who came before them. Increases in FHA mortgage insurance premiums and new, tougher underwriting standards that take effect April 1 will cost new borrowers significantly more than refinancing borrowers who have had an FHA loan four years or longer.
Continue reading...Student Loan Debt Won’t Hamper Homebuyers
Monday, February 11, 2013
The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment.
Continue reading...Top Lenders Clear out Foreclosure Inventories in Non-judicial States
Friday, December 14, 2012
Among the five lenders involved in the National Mortgage Settlement - Bank of America, Wells Fargo, JPMorgan Chase, Citi and Ally/GMAC - non-judicial pre-foreclosure activity (NOD, NTS) decreased 41 percent in November compared to a year ago, led by Bank of America with a 63 percent decrease and Citi with a 40 percent decrease. Meanwhile judicial pre-foreclosure activity (LIS, NFS) for the five lenders combined increased 26 percent from a year ago, led by Chase with a 114 percent increase and Wells Fargo with a 37 percent increase.
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Get this widget See local rates - Rising Values Push Nearly One Million Homeowners Above Water
- Buyer Satisfaction with Real Estate Brokerages Hits All-Time Low
- Frozen Foreclosures Frustrate Buyers
- One Homeowner Out of Eight Undervalues Their Home
- properties for sale: thanks a ton for the post..It is very useful to me...
- jp moses: hi, Steve -- yes, these institutional buyers are g...
- Arnold Rabin: I have been sell ing real estate here in Kona sinc...
- Manhattan Luxury Real Estate: I'm planning on getting my real estate agents lice...
- Ratio of Sold to List Prices Shows Inventory Shortages Driving Price Hikes
- Mortgage Originations Fell 6.2 Percent in Q1
- Built-for-Rent now Five Percent of New Home Construction
- List Prices Flatten Despite Sinking Inventory
Monday, May 6, 2013
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