24 Articles match "2008","September"

• The Best from RealtyTrac

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• 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
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• The Curious Case of Fannie Mae & Freddie Mac
  
  million mortgages at the end of September. The latest report shows that Fannie and Freddie owned 30.5 Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
  RealtyTrac Article Library - Monday, December 22, 2008
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• The Curious Case of Fannie Mae & Freddie Mac
  
  million mortgages at the end of September. The latest report shows that Fannie and Freddie owned 30.5 Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
  RealtyTrac Article Library - Monday, December 22, 2008
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• Freddie and Fannie Spurn New York Subprime Loans
  
  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. Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Last week, New York Governor David A.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• All Aboard, Take a Ride on the Foreclosure Bus Tour
  
  In September, for example, Stockton had 2,422 foreclosure filings, compared to 330 foreclosure filings in September of 2006, according to RealtyTrac . How do buyers find foreclosures in a downward real estate cycle? That’s easy. In Stockton, Calif.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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
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• 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
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• Foreclosures Won't Break the Market Next Year
  
  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 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. According to the RealtyTrac September
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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. 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. But as the rising tide of mortgage debt
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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 in September.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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