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23 Articles match "2007","News"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. 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. No Mortgage Meltdown For These Banks By Peter G. Famous lenders with once-fabulous finances are turning up in the headlines among the broke
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
Seven-figure foreclosures — once a rarity in 2007 — are starting to pop up with more frequency in some of the wealthiest communities nationwide. Already, there’s a glut of McMansions in the $500,000 to $1 million range that have been foreclosed by lenders — and many more are falling into foreclosure, according to an analysis of RealtyTrac foreclosure records in 2006 and 2007 (see graphic). Brady confirmed McCabe’s statements, claiming 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.
www.realtytrac.com
- Tuesday, February 3, 2009
Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Good news, there may be ways to stop foreclosure. million foreclosure filings predicted by RealtyTrac for 2007, the floodgates are open once again, just not as wide as they were in the early 1990s, and with a finite number projected. Here are some examples of what is being done to help turn the tide and stop foreclosure quickly for distressed homeowners looking for a way out: Early in 2007 Sen. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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The Mortgage Mess: It's The Borrower's Fault
With so much mortgage mayhem in the news it follows that we must blame someone for today's growing real estate reverses, so why not fault he borrowe
RealtyTrac Article Library
- Thursday, October 25, 2007
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The Mortgage Mess: It's The Borrower's Fault
With so much mortgage mayhem in the news it follows that we must blame someone for today's growing real estate reverses, so why not fault he borrowe
RealtyTrac Article Library
- Thursday, October 25, 2007
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Rate Cut, Real GDP Are Some Positive News
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. 2007). percent during the first quarter of In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25 percent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Too Soon For a Comeback
percent from March 2007, can’t be certain. Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily . percent from $217,400 in March 2007 to $200,700 last month. While everyone is worrying what the Federal Reserve is going to do next to try and stabilize the economy and keep it from falling deeper into recession, a slight At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent certainty given the current state
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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From $2B Bailout to $4B Buyout at Countrywide
Things were bad enough in 2007 when Countrywide Financial, along with many other mortgage lenders, was pummeled by rising defaults and foreclosures — forcing a slew of lenders to either close down their subprime divisions and lay off employees, or close their doors altogether. Generally recognized as the nation’s largest lender, as it turns out Countrywide ended 2007 in even worse condition than was imagined. It didn’t take long from a historical perspective. Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
percent from May 2007. percent from May 2007. I am seeing a rise in foreclosures and short sales far higher than May of 2007. Unfortunately, what folks hear in the news, for the most part, does not apply to Lake Havasu; with it being a second home community, people from out of state are not jumping on the buying wagon since their present homes, which are up for sale, are still not selling. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Feb. Foreclosure Report: Are We at Bottom Yet?
February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. That premise is supported by looking at the numbers in February 2007, when U.S. The next official metro list will be for the first quarter of 2007 and should be out around the third week in April. Foreclosure Market Report . So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. Mon, Tousa’s president and chief executive officer, told the Dallas Morning News . “What’s But for many U.S. homebuilders the risk of foreclosure through bankruptcy has sharply risen under the pressure of the grim housing market.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Governor Suspends Controversial Law Affecting Investors
Rod Blagojevich suspended the law on January 19, 2007. For legitimate investors looking to help homeowners in distress, the law’s suspension is welcome news. As we move forward in 2007, with the local market in the doldrums, this would be one of those areas around the nation that it would be worthwhile for investors to keep up to date on . Posted 02-26-2007 8:00 AM by joelc Filed under: Foreclosure Trend It was controversial when it took effect, and it remained controversial until public officials decided enough was enough – roughly a little more than a year later.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . This latest news comes right on the heels of a joint The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally).
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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