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44 Articles match "Associated","Market"
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The Latest from RealtyTrac
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Foreclosures, Unemployment to Peak Next Year
MBA: Foreclosures, Unemployment to Peak Next Year October 13, 2009, Associated Press Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession...( read more )
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Foreclosure Pulse
- Wednesday, October 14, 2009
Don't Dump Investors
1: If we only make owner-occupants whole then local real estate markets will recover. Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. According to the National Association of Realtors, the median price of an existing home rose from $124,800 in 1998 to $201,100 as of January 2008. Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity.
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts
www.realtytrac.com
- Tuesday, February 3, 2009
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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 Las Vegas has an upside — a very strong job market. The data is deemed reliable but is not guaranteed and is subject to errors, omissions or revisions and is not warranted. Posted 05-15-2008 2:21 PM by ShariS percent jump over the 1,478 homes sold in March. The sales are 29.9
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The Mortgage Bankers Association released a response Friday calling for federal regulators to “avoid an overreaction to an evolving marketplace or current economic conditions.” The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Borrowers began feeling the effects of those resets during the second half of 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures, Unemployment to Peak Next Year
MBA: Foreclosures, Unemployment to Peak Next Year October 13, 2009, Associated Press Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession...( read more )
...Tags:
Foreclosure Pulse
- Wednesday, October 14, 2009
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MBA Numbers Mirror RealtyTrac Data:
The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . Looking ahead to 2007, the mortgage association expects delinquencies and foreclosures to continue on the rise at a “modest increase” over the next several quarters “as the housing market bottoms.” Foreclosure Market Report . The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures rose to 4.7 percent from July through September.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Inch Higher in May
The data show nationwide foreclosures inching up 2 percent from the previous month and 28 percent from May 2005. “Our May numbers echo the recent report by the Mortgage Bankers Association, which noted that delinquency and default activities were lower in the first quarter of 2006,” commented James J. That three-month trend indicates foreclosure activity has stabilized in most housing markets across the country after spiking sharply at the beginning of this year.” View the full report and press release. Posted 06-26-2006 9:42 AM by
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed's Cautionary Stance Predictable
Did anyone really expect anything else out of Ben Bernanke and the other 10 members of the Federal Open Market Committee this time around? As predicted by everyone from Wall Street analysts and TV commentators, to probably the corner grocery store clerk down the street, the Federal Reserve held steadfast at their meeting Tuesday and kept its short term federal funds rate at 2 percent. The official statement released by the Committee Tuesday had a cautionary tone, noting that inflation remains a key concern as labor markets continue to soften and the housing market “contraction”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade. At the Auction! Trace below-market priced properties Real estate auctions are gaining in popularity nationwide because they are a quick and efficient way to sell and buy property. Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
www.realtytrac.com
- Tuesday, February 3, 2009
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Waning Confidence a Concern That May Help Foreclosures
Results of the most recent member survey conducted by the National Association of Home Builders shows the level of builder confidence in the nation’s housing market at its lowest point since 1995. This dampening in the new housing sector, combined with a lower volume of home resales, raises concerns about the overall health of the national real estate market. And unless Economics 401 – Effects of a housing ‘slump’? When James L. Doti, president of Chapman University, updated his 2006 economic forecast for the nation, he did have one question that could throw a monkey wrench
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Whitney Houston: Diva in Default
Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press. These celebrity-related foreclosure filings — which will probably become more frequent as market conditionssoften — demonstrate that almost every income bracket is susceptible toforeclosure. Thanks to delinquent mortgage payments totaling more than $1million, singer Whitney Houston faces the possibility of foreclosure on a home in New Jersey, according to the AssociatedPress . The news service reports that one of two lots owned by Houston
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ed McMahon Fighting Foreclosure
McMahon’s home has been on the market for about two years and is listed for $6.25 The Hollywood dream home has six bedrooms, five bathrooms and is located on a hilltop and is part of a gated community called “ The Summit ,” according to the Associated Press . Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is the latest casualty of an ever-growing foreclosure crisis that is gripping the nation. Yesterday, the Wall Street Journal reported that McMahon was $644,000 in arrears on a $4.8 million loan
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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