Tag Archive | "foreclosures"
REOs Extend Foreclosure Pain
Bank-owned foreclosures (REOs) are taking significantly longer to sell than foreclosures bought and resold by investors, extending the timeline for REO foreclosures even longer than the extraordinary delays for resulting from slower processing.
Continue reading...Delinquencies Fell Faster in January
Monday, March 21, 2011
The delinquency rate on mortgages 30 days or more past due fell by more last month than it has in nearly a year, according to Lender Processor Services' Mortgage Monitor report to be released later this week.
Continue reading...Half of January Home Sales were Distressed Properties
Tuesday, February 22, 2011
Almost half of the homes sold in January were foreclosures or short sales, the highest level of distressed sales in nearly a year, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Continue reading...Borrowers and Mortgage Investors Double Team Big Banks
Monday, January 17, 2011
Institutional mortgage investors and distressed homeowners are strange bedfellows. Last week the Massachusetts Supreme Court issued a landmark ruling voiding two foreclosures, asserting U.S. Bankcorp and Wells Fargo did not prove they owned the mortgages. Legal challenges point to serious front end problems in the actual securitization of the mort
Continue reading...Though Foreclosures Rise, Delinquencies Wane
Friday, September 24, 2010
While foreclosure starts remain high, the longer term foreclosure picture is improving as evidence mounts that delinquencies, though still very high, are declining, despite the economy.
Continue reading...REOs Put New Pressure on Prices
Wednesday, September 1, 2010
Rising numbers of real-estate owned properties (REOs) and delinquencies are creating excess supply in housing markets across the country.
Continue reading...TransUnion Reports Delinquencies Fall for Second Straight Quarter
Tuesday, August 17, 2010
Another provider of national credit data reported today that mortgage delinquencies have been falling during the first half of the year, suggesting that the housing sector is beginning to stabilize.
Continue reading...Price Increases Slowed Down Quickly in June
Tuesday, August 17, 2010
Year-over-year home prices increased in June for the fifth consecutive month, but at a much lower rate than April and May, reported CoreLogic's Home Price Index (HPI).
Continue reading...Foreclosures Show Signs of Decline
Wednesday, August 11, 2010
Another foreclosure listing site reported today that foreclosures are declining at an accelerating rate as subprime resets abate and unemployment, though high, remains relatively unchanged.
Continue reading...Foreclosures Move in Next Door
Thursday, July 29, 2010
While foreclosures fell in nine out of the nation's ten highest foreclosure markets during the past six months, they are increasing almost everywhere else in the nation as the changing causes of mortgage defaults bring foreclosures home to hundreds of communities.
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Friday, August 12, 2011
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