24 Articles match "2007","Report","Sales"

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Long-Term Solution for Fannie and Freddie Dilemma
If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Commercial banks and savings institutions insured reported a net income of $5 billion in the second quarter of 2008, according to the Federal Deposit Insurance Corporation (FDIC). Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. 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. For option ARMs originated in 2006 and 2007 LoanPerformance says that Option ARM Borrowers Running Out Of Time By Peter G. Miller 
www.realtytrac.com - Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
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. The Task Force report included four goals Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com - Tuesday, February 3, 2009
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  • 2007: Housing Slowdown Good for Foreclosures
    That means 2007 should be a good year for anyone involved in the foreclosure sector of the market — whether they are real estate agents, potential home buyers or real estate investors. Some highlights of the Chapman forecast: The sky isn’t falling, but housing prices are projected to decline 2.2 Doti expects the Federal Reserve to hold fast in 2007, keeping the much-watched Federal Funds Rate (the short-term rate at which banks lend money to each other) at or near its current 5.25 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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  • July Foreclosure Report
    foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details . That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. U.S. Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent.
    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. Foreclosure Market Report . That premise is supported by looking at the numbers in February 2007, when U.S. So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures? Probably not.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
    If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in the state’s
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Too Soon For a Comeback
    Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 percent from March 2007, can’t be certain. The NAR tried to be positive about the nation’s situation earlier this month in stating that, “Existing home sales could start to show a sustained increase within the next few months.” 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Make Food, Not Foreclosures
    National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich., Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Contributing to the downfall are high unemployment, low home sales volume and deflating home prices. A non-profit group has launched a program to turn former foreclosures into farmland. allow it to garden vacant lots from the thousands of foreclosures in the county’s inventory and allow its volunteers to plow and plant them in order to grow fruits
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Economic Indicators: Image Is Everything
    When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • A Small Silver Lining in Q1 Foreclosure Storm
    While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Now Homebuilders Face Foreclosure
    Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 percent in 2007, the industry’s biggest drop in four decades, the Commerce Department said. Many of these homebuilders have lost more than 80 percent of their stock value — and have reported hundreds of million in losses to their balance sheet. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Local Market Perspective: Las Vegas
    Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 The sales are 29.9 percent higher than April 2007. percent percent jump over the 1,478 homes sold in March. Properties owned by banks and other lenders are accounting for more than half of all the homes sold each month.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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