Tag Archive | "mortgage delinquencies"

Institutional Investors Gobble up Presale Foreclosures

Tuesday, April 23, 2013

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In another sign of institutional investors' appetites for foreclosures, inventories of presale foreclosures have declined nearly twenty percent since last year as lenders have made volumes of foreclosures available via REO tapes to well-funded hedge funds eager to buy in bulk.

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Twenty Percent of Bankers Expect Lending Standards to Loosen

Tuesday, April 9, 2013

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Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA) survey.

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Nothing to Fear from Zombie Houses

Tuesday, April 2, 2013

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Are zombie houses where the monsters live in the latest Resident Evil sequel? Or are they fraternities decked out for Halloween? Neither.

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Florida Shifts into Reverse

Wednesday, March 20, 2013

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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.

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State Laws will Extend Foreclosure Pain by 30 Months or More

Thursday, March 7, 2013

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The 23 states that require court orders to foreclose and other states that have enacted legislation that delays foreclosure processing will take twice as long as the rest of the nation to clear backlogged foreclosure inventories at their current rate.

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Foreclosure Discounts are All Over the Map

Monday, March 4, 2013

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The low prices that make foreclosures attractive to investors also make foreclosures toxic to communities and homeowners. The discount between "normal" priced homes and the prices paid for properties than have been through the foreclosure process can spell the difference between profit and loss to an investor at the same time that they drive real estate values into the ground.

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Fannie and Freddie have a Florida Problem

Thursday, January 3, 2013

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Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.

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After Nearly Three Years, Negative Equity Refuses to Budge

Friday, November 23, 2012

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As the nation's real estate economy has evolved and slowly improved over the past two and a half years, the geography of almost every leading metric measuring the health of local housing markets has changed to reflect local economic trends and conditions except the one that many economists and policy makers consider to be critical to the national economic recovery.

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Drought Doesn’t Dent High Foreclosure Backlog

Tuesday, July 31, 2012

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Despite a shortage of lower priced homes in markets across the country, the huge foreclosure inventory refused to decline in June, raising renewed fears that the overhang of discounted properties will put downward pressure on home prices.

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TransUnion Sees Double Digit Decline in Delinquencies Next Year

Friday, December 17, 2010

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Mortgage delinquencies will drop nearly 20 percent by the end of 2011 to 4.98 percent of all mortgages from an expected 6.21 percent at the end of 2010, according to the latest forecast from TransUnion, one of the three top credit rating bureaus.

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