|
|
16 Articles match "2008","Increase","Michigan"
|
The Latest from RealtyTrac
|
MORE
|
|
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 . It is not hard to imagine what will happen when the interest rate increases and unemployment shoot the high level. Lots of investors and speculators bought here, 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
ARM'd and Dangerous?
Jonathans question reflects a popular bias these days towardsdirectly linking the rising foreclosure rates to default rates onsome of the higher risk loans that have become increasingly popular -ARMs, interest only, negative amortization, etc. And it probably accounts in large part for whats happeningin states like Ohio, Michigan and Indiana. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
Appreciation Rates Foreshadow Foreclosures
percent increase in the second quarter and down from a high of a 13.9 percent increase in the spring of 2004. percent from the previous quarter, the lowest quarterly increase since the second quarter of 1998. Michigan home prices declined 0.6 Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low. The OFHEO report
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures Begin 2007 at Two-Year High
Michigan and Georgia ranked second and third among the states in terms of foreclosure rate. Substantial increases in foreclosure activity in Detroit and Atlanta helped drive up the foreclosure rates in Michigan and Georgia. Atlanta foreclosures increased 25 percent from the previous month and the city’s foreclosure rate of one new foreclosure filing for every 214 households ranked third highest among the nation’s metro foreclosure rates. New foreclosure activity in January hit its highest level since RealtyTrac began issuing a national foreclosure report two years ago, with 130,511 new foreclosure filings reported during the month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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 reported in the first quarter of 2007. The trend lines are even closer when looking at the RealtyTrac first That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure process at 2.47
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fannie: Q1 a Swift Kick in the Rear
billion — attributable at least in part to an increased number of foreclosures. CNNMoney reported last Tuesday that Fannie’s CEO Daniel Mudd is optimistic overall about the company’s future, but sees more challenges lying ahead for the rest of 2008 and possibly beyond. “As As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant 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
-
Home Price Appreciation Stays Sluggish
percent year-over-year increase reported in the third quarter of 2006. For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures Don't Back Down in September
RealtyTrac’s monthly foreclosure report shows 112,210 properties entering some stage of foreclosure during September, a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005. Colorado, Nevada and Michigan posted the highest state foreclosure rates, and California reported the most foreclosure activity of any state in terms of sheer numbers. Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. September’s foreclosure rate of one new foreclosure filing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
1 Million Foreclosures and Counting
Colorado and Nevada once again posted the nation’s two highest foreclosure rates thanks to increasing foreclosures in both of those states. Georgia, Michigan, Illinois, Florida, Ohio, Tennessee, New Jersey and Utah also documented foreclosure rates among the nation’s 10 highest in October. Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S. Foreclosure Market Report , released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Credit Card and Mortgage Debt Fuels Foreclosure
Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Considering that the housing market is expected to continue to be slow through 2007, there could be increases in mortgage delinquencies — especially among high risk subprime loans. Do you think debt is the primary reason why Americans are increasingly falling into foreclosure or do you think other factors are at work? Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
May Home Prices Down 4.8 Percent
percent increase in home prices from April to May, although the region documented a 14.5 The East North Central Division, which includes Michigan, Wisconsin, Illinois, Indiana and Ohio, reported a 0.1 percent monthly increase, but still a 3.7 Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It quot;It is very hard to draw
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Filings Soar 90 Percent
Certainly not every community nationwide is seeing an increase in foreclosures, but foreclosed properties are becoming more commonplace and adding to the downward pressure on home prices in many areas.” The biggest increases were for delinquency rates on subprime loans, up 227 basis points from a year ago. Michigan took fifth place, reporting with 9,461 filings, while Georgia A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
