11 Articles match "2005","Associated"

• The Best from RealtyTrac

  MORE

• Foreclosures Inch Higher in May
  
  The data show nationwide foreclosures inching up 2 percent from the previous month and 28 percent from May 2005. “Our May numbers echo the recent report by the Mortgage Bankers Association, which noted that delinquency and default activities were lower in the first quarter of 2006,” commented James J. While our report confirms that the number of properties entering foreclosure is still significantly higher than it was during the same period of 2005, we’ve now seen two months of decreasing foreclosure rates followed by May numbers that were essentially flat. RealtyTrac just released state and national foreclosure statistics for the month of May .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Negative Savings Rate Portends More Defaults
  
  percent in 2005. Not since the Great Depression has the personal savings rate registered in negative territory for two consecutive years, according to an Associated Press article on the report. million foreclosure filings were reported nationwide during the year, up 42 percent from 2005 and a foreclosure rate of one foreclosure filing for every 92 U.S. A Commerce Department report released last week confirmed that Americans are continuing to spend more than they make, setting the stage for more increases in foreclosure activity in 2007. The Personal Income and Outlays report
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Florida Homeowners Overconfident Despite Foreclosures?
  
  Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). It seems to fly in the face of recent market activity statewide reported by the Florida Association of Realtors . Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Will Homeowners Sink or Swim?
  
  Foreclosure Market Report, which shows 112,210 properties nationwide entered some stage of foreclosure during the month, a decrease of less than 1 percent from August, and a 63 percent increase from September 2005. And prices of existing homes fell in August for the first time in 11 years as sales dipped to their lowest level since early 2004, according to the National Association of Realtors . Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. Moreover, sales of California homes are expected to sink 23 percent this year compared to 2005 and fall another 7 percent next year. LONG BEACH, Calif. — If California’s economic indicators stay at their present course, 2007 should be a very good year for
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Extreme' Dream Gone Bust
  
  ABC’s Extreme Makeover Home Edition came to the rescue, demolishing the Harper’s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia. When the show first aired back on February 20, 2005, the home was the largest ever built in a week by the show. A published report by the Associated Press says that in addition to building the home with $450,000 worth of donated labor and materials, the partners and employees at Beazer also contributed $250,000 for the family, including scholarships for the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Dealing With the Affordability Quandry
  
  Especially in light of the new consumer index just announced by the California Association of REALTORS®. As of Q2 2006 the index stood at 23 percent, down from 26 percent for the previous quarter and 30 percent for Q2 2005. In addition to real estate investors and agents, the RealtyTrac website can be a great help to first-time homebuyers looking for a way to get into a home at a price that is more affordable, even in areas where prices seem out of reach for most people. Affordability is the key here.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Option ARM Borrowers Running Out Of Time
  
  In the case of 40-year option ARMs issued in 2005, Fitch says such loans can recast after 28 months — a little more than two years if a borrower makes only minimum monthly payments. "Option Given the inherent flaws and risks associated with option ARMs the question has to be asked: Why did lenders offer such financing? In the next two to four years well see elective payments end for Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• No Mortgage Meltdown For These Banks
  
  percent of all loans outstanding according to the Mortgage Bankers Association. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the typical first-time buyer put down just 2 percent, repeat buyers had 16 percent down payments and 25 percent of all purchasers bought with nothing down. As Hermance points out, “we make loans we’re willing to live with.” The performance at Hudson has not gone unnoticed: The No Mortgage Meltdown For These Banks By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Clinton also wants the government to impose new disclosure requirements on mortgage brokers and curb their ability to dictate lending terms. “We need to act now with smart, practical solutions to strengthen our housing and mortgage markets,” Clinton told The Associated Press. “We Bill Richardson — taking aim at President Bush and the GOP — called the current financial crisis the “the Katrina of the mortgage-lending industry,” referring to the 2005 hurricane that devastated New Orleans. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE