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16 Articles match "2006","Document"
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The Government Goes After Loan Officers
Because such borrowers should have been underwritten with full documentation — something employed borrowers can readily produce. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by more than 50 percent. “Stated
www.realtytrac.com
- Tuesday, February 3, 2009
Foreclosures up 13 percent in February
RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. Together, the two states documented more than 23,000 new foreclosures, 20 percent of all new foreclosures across the country. foreclosures increasing for the third month in a row. We show 117,259 properties nationwide entered some stage of foreclosure in February, a 13 percent increase from the previous month and a 68 percent increase from February 2005.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosure bargain for summer home of JFK's grandfather
He was convicted of using phony mortgage and payroll documents. times the national average based on RealtyTrac numbers from the first quarter of 2006 (we plan to release full details on those numbers sometime next week). A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. Kennedys grandfather sold for a bargain price at a Feb.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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2006 Foreclosure Filings Surpass 1.2 Million
million foreclosure filings were reported nationwide during 2006, up 42 percent from 2005 and a foreclosure rate of one foreclosure filing for every 92 households, according to the RealtyTrac 2006 U.S. The number of total foreclosure filings rose from about 885,000 in 2005 to 1,259,118 in 2006. The 2006 total represents more than 1 percent of U.S. More than 1.2 Foreclosure Market Report released yesterday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Appreciation Stays Sluggish
The Office of Federal Housing Enterprise Oversight’s House Price Index for the fourth quarter of 2006 shows home prices were up 1.1 percent year-over-year increase reported in the third quarter of 2006. Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. percent from the previous quarter and up 5.9
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Foreclosure Activity Dips in February
February foreclosure activity was down 4 percent from January but up 12 percent from February 2006. million foreclosures for 2007, which would be a 33 percent increase from 2006 — still below the 42 percent year-over-year increase documented between 2005 and 2006. RealtyTrac released its February U.S. Foreclosure Market Report today, and the report shows that U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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First Quarter Foreclosure Stats
RealtyTrac released foreclosure numbers for the first quarter of 2006 yesterday, and they show the nations foreclosures moving higher forthe fourth consecutive quarter, despite a decrease in March. The report documents 323,102 properties nationwide entering some stageof foreclosure in the first quarter, a 38 percent increase from theprevious quarter and a 72 percent year-over-year increase from thefirst quarter of 2005. The nation’s quarterly foreclosure rate of onenew foreclosure for every 358 U.S. households was higher than in anyquarter of last year.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Take a Spring Break
Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S. households. Nevada documented the highest state foreclosure rate for the fourth month in a row, with one foreclosure filing for every 232 households — more than three times the national average. California Foreclosure Market Report released today. A
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Two Counts Show Foreclosure Activity Rising
But whether you count by total foreclosure filings or number of properties affected by foreclosure, foreclosure activity is up more than 55 percent from the first half of 2006. “The It’s interesting to note that the total foreclosure filings and unique property counts reveal almost identical trends on the national level: foreclosure filings are up 39 percent from the previous six months and 56 percent from the first half of 2006; unique property counts are up 32 percent from the previous six months and up 58 percent from the first half of 2006.” More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Priced to Foreclose
The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. The most glaring example was Florida , which ranked second in home priceappreciation but documented the 10th highest foreclosure rate. A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. homes are appreciating at the slowest quarterly rate since the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Metro Foreclosures: California Catch-up
Foreclosure activity decreased in the majority of the nation’s 100 largest metropolitan areas in the second quarter of 2006, including Indianapolis (down 32 percent from the previous quarter), Atlanta (down 37 percent), Dallas (down 12 percent) and Denver (down 18 percent). But those four cities still documented the four highest metro foreclosure rates among the top 100 cities, according to RealtyTrac’s just released Q2 U.S. Metropolitan Foreclosure Report . A few cities posted increasing foreclosure activity in the second quarter, including Stockton, Calif. (up
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Foreclosure Activity Surges in First Quarter
foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S. The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly foreclosure rate since RealtyTrac began issuing its report more than two years ago. U.S. Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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More Trouble for Ed McMahon
to collect on a $250,000 loan it made to McMahon in 2006. Filed in Los Angeles Superior Court, the lawsuit alleges that loan documents show McMahon had committed to paying $3,125 a month for the first five months and then paying off the remainder of the loan in one final payment of $253,125. Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes. The Los Angeles Times reported today that McMahon is being sued by Westmoore Lending of Huntington
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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