|
|
20 Articles match "2008","Real Estate","September"
|
The Latest from RealtyTrac
|
MORE
|
|
No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. Volatile real estate markets such as today support such prudence.” Even with such caution, Higgins says “still we aren’t protected in every instance where values can drop even more substantially.” As part of its share-the-risk philosophy, ING reduces No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) Lastly, we have the real attraction of option ARMs, the option payment itself, a payment which is insufficient to even pay off the monthly interest cost. 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 Option ARM Borrowers Running Out Of Time By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
Does this make it a good time to buy real estate? have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
Foreclosures Don't Back Down in September
Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. 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. September’s foreclosure rate of one new foreclosure filing for every 1,030 households 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
All Aboard, Take a Ride on the Foreclosure Bus Tour
How do buyers find foreclosures in a downward real estate cycle? real estate agent Cesar Dias has it all figured out. While many Stockton agents have hit a bump on the road in this slow real estate market, Dias is riding high. In September, for example, Stockton had 2,422 foreclosure filings, compared to 330 foreclosure filings That’s easy. In Stockton, Calif.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Will Homeowners Sink or Swim?
RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. Foreclosure Market Report, which shows 112,210 properties nationwide entered some stage of foreclosure during the month, a decrease of less than 1 percent from August, and a 63 percent increase from September 2005. The next big wave of news may be a true real-estate slump, as hundreds of billions in adjustable-rate mortgages Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Freddie and Fannie Spurn New York Subprime Loans
Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. rdquo; Fannie’s sibling, Freddie Mac , who is also reeling with bad debt, chimed in last week, saying it will pull out of the New York subprime market on September 1, 2008. Columnist Peter Miller explains why these are serious developments for the New York real Last week, New York Governor David A. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817-A), creating stringent lending guidelines
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fed Plays a Delicate Balancing Game With Rate Cut
The problem is, many industry analysts are starting to come around to the idea that this “correction” may not bottom out until either year’s end 2008 or sometime in 2009. Today’s action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and promote moderate growth over time,” the FOMC said in a statement published October 31. In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
New Illinois Housing Law Draws 2nd Suit
The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If Already, the law has chilled the housing market in the predominantly Black and Latino areas, where homeowners in the neighborhood saw a 45 percent drop in home sales
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures Won't Break the Market Next Year
The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Activity Deflating or Just Deferred?
In fact, the RealtyTrac report has shown month-to-month decreases in previous months, even during the dramatic run-up in foreclosure activity that has occurred over the past year and a half: in February 2008, November 2007, September 2007, June 2007, April 2007, and February 2007. But the increases in those categories started to slow down in 2008. U.S. foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
MBA Numbers Mirror RealtyTrac Data:
percent from July through September. Please feel free to comment on this article, or write an e-mail to us at: editor@foreclosurepulse.com . Posted 12-14-2006 9:22 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trends , MB The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Flying Foreclosure Photos in Focus
Neighborhood-wide Virtual Earth photos have been available on RealtyTrac since September, but the new photos — dubbed "Rooftop Views" — feature zoomed in and cropped images centered on the subject property. RealtyTrac is the only online real estate site to provide such consistent and close-up photos of foreclosure properties nationwide. Individual property photos are now available for almost every foreclosure property listed on RealtyTrac thanks to a wedding of the companys national foreclosure database with Microsoft Virtual Earth technology. The Rooftop Views include up
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
