12 Articles match "2005","Distressed","Properties"

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• 2007: Housing Slowdown Good for Foreclosures
  
  Housing starts are expected to remain down in many parts of the country, due to increased marketing time and inventories of unsold homes that grew from a 3.7-month supply in 2005 to a 7.3-month supply in 2006 at the national level. Mortgage rates increased 15 percent between 2005 and 2006, but economist and Chapman President James L. percent. The cooling real estate sector will continue to plague the national economy next year, but enough positive economic fundamentals remain in place to counteract forces threatening to push the U.S. housing market into a full tailspin, according
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• For Some, Mortgage Meltdown Means Opportunity
  
  Although the trend started late in 2005, it accelerated to 1.2 As more and more mortgage lenders get stuck with owning over-priced distressed properties, RealtyTrac customers and real estate investors nationwide could be the solution to the broader economic housing woes. Cracks are appearing in the foundation of the housing market as shock waves — triggered by concern over a surge in bad subprime mortgages — jolted the stock market this week, sending the Dow Jones industrial average downward by more than 243 points, amid fears that a mortgage meltdown in the subprime lending sector could have broader economic implications.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 2006: An Adjustable' Year for Foreclosures
  
  And that is why RealtyTrac has been warning that many home buyers maybe find themselves in financial distress this year or next. Home buyers who utilized these loans to finance a home purchase in either 2005 or 2006 are probably at the greatest risk of going into foreclosure if they cannot afford a mortgage payment that could be 25-50 percent higher when the interest rate adjusts upwards. million properties entering foreclosure nationwide during The Federal Home Loan Mortgage Corporation (better known as Freddie Mac) has just released the results of its 23rd Annual Adjustable-Rate Mortgage survey of prime loans.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Ohio Lawmaker Seeks Solution to Foreclosure Level
  
  According to the RealtyTrac Q2 2006 Foreclosure Market Report , the total number of foreclosures in Ohio actually declined by 30 percent from Q1 2006, although still up 85 percent from Q2 2005. In the meantime, the crop is plentiful in Ohio for RealtyTrac subscribers looking to purchase a property at a discount and a chance to help out a potentially distressed homeowner. It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Thanksgiving a Time to Reflect . . . on Foreclosures Too!
  
  In fact we have only reported foreclosures through October and the national total has already topped 1 million with two months left to report — way ahead of the 885,000 foreclosures reported for all of 2005. So as we pause to celebrate Thanksgiving, now is a good time to reflect on how we can all help the needy — including needy and distressed homeowners — to live better in the future. Traditionally, Thanksgiving is a time we take to reflect on our lives and what we can do to make the world a better place in which to live. Volunteers go out and serve meals to the hungry, religious
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. According to Cagan, 90 percent of all
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Coastal Disasters = More Foreclosures?
  
  It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Florida had 124,721 foreclosures last year — a 2 percent increase from 2005, and a foreclosure rate of one new filing for every 59 households. In 2002 the Florida Legislature created Citizens Property Insurance Corp. For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A 'Dialogue' on the Housing Market
  
  Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. And with increased inventory levels and longer marketing times around the country, the prospect of distressed homeowners being able to bail themselves out is statistically against them. “If Still, owners of Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• OTS Director Offers Alternative Plan to Congress
  
  Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. Loan-to-value ratio cannot exceed 90 percent of the current fair market value of the property, and FHA is requiring a 5 percent fee payable to it at the time of origination, PLUS an exit premium payable at the time the property is either sold or refinanced. In a statement delivered before the Committee on Financial Services of the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• BK' Doesn't Stand for Burger King
  
  The federal government clamped down on that “loophole” with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. What consumers/distressed homeowners need to understand is that bankruptcy does not STOP a foreclosure proceeding, but merely delays it. Whether the net result is a short sale, a walk away or going through the whole foreclosure process, it seems like the foreclosure fires are likely to be fanned still higher, The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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