52 Articles match "2006","Properties"

The Latest from RealtyTrac MORE
2008 Year-End Foreclosure Market Report
properties during the year, an 81 percent increase in from 2007 and a 225 percent increase from 200 A total of 3,157,806 foreclosure filings were reported on 2,330,483 U.S.
RealtyTrac Article Library - Wednesday, February 4, 2009
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2008 Year-End Foreclosure Market Report
properties during the year, an 81 percent increase in from 2007 and a 225 percent increase from 200 A total of 3,157,806 foreclosure filings were reported on 2,330,483 U.S.
RealtyTrac Article Library - Wednesday, February 4, 2009
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The Government Goes After Loan Officers
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 income loans,” Krystofiak testified , “help no one. Most importantly, without toxic mortgages families would not have lost their homes,
www.realtytrac.com - Tuesday, February 3, 2009
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  • 2006: An Adjustable' Year for Foreclosures
    Based on data collected between December 18 and December 21, 2006, the survey cited three major conclusions: That the overall market share of adjustable-rate mortgages (ARMs) as a whole declined in 2006 as the savings gap in interest rates between ARMs and fixed-rate mortgages shrank; Lenders offered greater incentives (discounts) in 2006 in order to maintain the flow of ARM originations coming in the door; and Hybrid loans — particularly the very popular 5/1 ARM where the teaser interest rate is fixed for five years before the lender can push the interest rate upward — became the most popular
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 2008 Year-End Foreclosure Market Report
    properties during the year, an 81 percent increase in from 2007 and a 225 percent increase from 200 A total of 3,157,806 foreclosure filings were reported on 2,330,483 U.S.
    RealtyTrac Article Library - Wednesday, February 4, 2009
    READ MORE
  • 2008 Year-End Foreclosure Market Report
    properties during the year, an 81 percent increase in from 2007 and a 225 percent increase from 200 A total of 3,157,806 foreclosure filings were reported on 2,330,483 U.S.
    RealtyTrac Article Library - Wednesday, February 4, 2009
    READ MORE
  • Two Counts Show Foreclosure Activity Rising
    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. The report marks the first time that RealtyTrac has included a count of unique property addresses in some stage of foreclosure. But whether you count by total foreclosure filings or number of properties affected by foreclosure, foreclosure activity is up more than Foreclosure Market Report , released yesterday. The addition of this (property count) metric to our foreclosure report was spurred by a data request for unique
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • US Foreclosures a Mixed Blessing in Q2
    As the most recently collected data reported today in RealtyTracs Q2 2006 U.S. On the positive side, foreclosure activity nationwide during Q2 2006 rose 25 percent over the same quarter last year to 272,109 properties . On the flip side, however, foreclosure activity nationwide decreased 16 percent between the first and second quarters of the year, meaning there are less properties to invest in, thus making the search for properties that will pencil out as a "good deal" even harder to find. Foreclosure Market Report suggests, there is both an upside and a downside to the latest numbers.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Buying Bank-Owned REOs at the Auction - RealtyTrac
    Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. Trace below-market priced properties Real estate auctions are gaining in popularity nationwide because they are a quick and efficient way to sell and buy property. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade. At the Auction!
    www.realtytrac.com - Tuesday, February 3, 2009
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  • 2007: Housing Slowdown Good for Foreclosures
    percent on average next year, after an almost 50 percent run-up in appreciation between 2001 and 2006, says the Chapman Economic & Business Review December 2006 . 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. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • FBI: Mortgage Fraud Begets Foreclosure
    The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.” Six of those states also appeared in RealtyTrac’s list of states with the highest foreclosure rates in 2006. The FBI also lists Arizona, Colorado, The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. This is not what many legitimate investors
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Rise in Home Values Keeps Foreclosures in Check
    Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. While this is good news for anyone who owns a home, there is a potential downside to this forecast for anyone interested in foreclosure property. And it is one of the reasons that foreclosure activity is expected to remain at a slow upward rate of increase, as evidenced by the Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. Reaching
    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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