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22 Articles match "2007","Houses","Quarterly"
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Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. Housing prices must fall to get the national average from 200K down below from 70K to reset the housing market and get equities back in line with reality." What is it that has so many people mad with Fannie Mae and Freddie Mac? Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Because Fitch says that a 40-year loan term represented 4 percent of all option ARMs in 2004 -- but 38 percent by 2007. A loan with four payment options may seem fairly understandable, but in the real world a lot of borrowers did not take out option ARMs because they wanted to make fully-amortizing payments. The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
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Forecasters Change Housing Estimates for '07/'08
The nation’s housing market is not cooperating the way analysts at the A. The national Gross Domestic Product has taken a hit of 1 percent over the past few quarters as a result. Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 The worst of the downward national housing Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., had hoped it would.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Survey Confirms Q1 Foreclosure Surge
The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007. percent at the end of the first quarter, up 21 percent from the 2.04 That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure process at 2.47 percent reported in the fourth
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Appreciation Stays Sluggish
An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. 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 from the previous quarter and up 5.9 percent from the fourth quarter of 2005 — down from the 7.9 percent year-over-year increase reported in the third quarter of 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Numbers Mirror RealtyTrac Data:
The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures rose to 4.7 percent in the third quarter. percent of all subprime adjustable mortgages were delinquent or going through the foreclosure process in the third quarter. “Third The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . percent from July through September.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Indices Reporting Record Lows
Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year basis the OFHEO reports that prices fell 3.1 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures: Chicken or Egg?
It’s a classic chicken-and-egg question: are foreclosures a cause or a symptom of the slumping housing market? Carney was speaking at the research council’s most recent quarterly luncheon, where foreclosures were the topic of the day. Carney pinpointed the root cause of Southern California’s cooling housing market as a somewhat cryptic slowing of demand for housing in 2006. One Southern California economist believes they’re clearly a symptom. “I I think there were troubles to start with; that’s what caused the defaults and foreclosures,” said Dr.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Trickle Down Effecting High-Tech
The prolonged housing slump is having a measurable effect on the overall economy, and not just on home furnishings and housing supply chains (like Linens N’ Things, which recently filed for bankruptcy protection). Results of a survey conducted during the fourth quarter of 2007 by The NPD Group , a market research firm servicing the retail sector, revealed a direct correlation between areas hard hit by the housing crisis and a marked decrease in the sale of consumer electronics — like LCD televisions and notebook computers — and related products such as printer
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
2007). More specifically, however, the Fed announcement highlighted a number of factors for its decision such as subdued household and business spending, soft labor markets, stressed out financial markets, tight credit conditions and the continuation of the housing contraction. percent during the first quarter of 2008, the same rate of increase as tracked for the fourth quarter 2007. One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2 billion loss reported for Q4 2007, it pales in comparison to the $961 million profit the GSE reported for the same quarter a year ago. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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