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29 Articles match "2008","Free","Homes"
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The Latest from RealtyTrac
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Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. 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. If you believe in free markets and fair competition, the GSEs are a poke in the eye. "As long as Fannie and Freddies debt is backed by the full faith and credit of the U.S. Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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Bernanke: Free Market Can Curb Foreclosures
His conclusion came down in favor of the free market: "Credit market innovations have expanded opportunities for many households. Bernanke conceded that implementing rules, which the Home Ownership Equity Protection Act (HOEPA) gives the Federal Reserve the authority to do, may be necessary in some cases as long as the rules are "drawn sharply, with bright lines and address practices that are never, or almost never, legitimate." In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S. Bernanke talked extensively about how he believes the Federal Reserve
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. Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. While this is good news for anyone who owns a home, there is a potential downside to this forecast for anyone interested Reaching a double-digit peak above 14 percent before dropping back to 9 percent over the past six months, the rate of price appreciation is still more than double the norm (4 percent) for the nation over time.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
based Levitt & Sons, Elliott Building Group in Pennsylvania, Turner-Dunn Homes Inc. in Arizona, Kara Homes Inc. in New Jersey, and Neumann Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. 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. But for many U.S.
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. Dispatches from Detroit indicate that free-market forces may be the catalyst. 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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Fannie Mae Toughens Foreclosure Guidelines
And one of the most dramatic changes that will relieve some the tension in those big shoulders has to do with former homeowners who lost their homes to foreclosure. Effective June 1, 2008, Fannie will require a potential borrower’s credit history to be free from any foreclosure activity for five years before it will consider buying a mortgage taken out by that borrower. There are only three exceptions It was bound to happen. With government officials at the local, state and federal levels clamoring to clamp down on the nation’s financial institutions and other loan originators,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bubble monitoring
Ocrenter wrote: "You think seven homes for sale on one street is bad, whatabout the Real Story of three pre-foreclosures on one street?!! Here wehave the reporter interviewing a Realtor and getting the standardpicture of homes just oozing equity. Wasserman: sign up for a 7 day free trial of RealtyTrac and look it up!" Posted 05-10-2006 11:10 AM by darenb Its always fascinating to see the different ways people useRealtyTracs foreclosure data. For instance, there are a plethora ofblogs such as
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How Can Financially-Troubled Homeowners Prevent Foreclosure?
Lenders want to keep troubled borrowers in their homes and out of foreclosure. Consider the Homeownership Preservation Foundation , which provides a national toll-free hotline — 1-888-995-HOPE (4673) — offering free foreclosure prevention services and counseling to consumers. Today, more than ever, homeowners behind on their mortgage payments have many options to help them keep their families in their homes. When you miss several mortgage payments and your lender sends you a notice of default, where do you turn for relief? For the 112,210 Americans who entered
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Dis-ARMament Aimed to Curb Foreclosures
These loans are what many in the banking and real estate industries say have helped home buyers get into their first home or purchase more home than they otherwise could afford using more conventional mortgage products. The National Association of Realtors (NAR) lauded the new consumer education efforts put forth by the government, but cautioned regulators not to restrict innovation in the mortgage lending sector. Striking a balance between consumer education and the free marketplace is of utmost importance, according to the Realtors. Concerned about the fallout from rising mortgage delinquency rates and foreclosures around the country, the federal government recently stepped into the fray, issuing new tighter guidelines aimed at dealing with so-called “exotic” adjustable-rate mortgages.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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RealtyTrac Launches New Mapping Tool
The new map experience is a vast improvement, and is unique among all national foreclosure services, giving RealtyTrac customers remarkably clear and detailed images, and a distinct advantage over investors and home buyers using other services. Site users will be able to use aerial imagery and interactive mapping features to look for homes in a two dimensional street level map, a top-down aerial satellite view or a 3-D birds-eye view. “High-definition A new and exciting interactive 3-D mapping tool has arrived here at RealtyTrac . RealtyTrac members can view these new maps by
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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