21 Articles match "Associated","News"

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• Foreclosures Rise 5 Percent from Summer to Fall
  
  Foreclosures Rise 5 Percent from Summer to Fall October 15, 2009, The Associated Press The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed...( Tags: foreclosure rates foreclosures foreclosure new read more ) ...Tags:
  Foreclosure Pulse - Thursday, October 15, 2009
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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. Tags: foreclosure rates foreclosures foreclosure news foreclosur economy grapple with the aftermath of the recession...( read more ) ...Tags:
  Foreclosure Pulse - Wednesday, October 14, 2009
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• Gearing up for short sales and REOs
  
  Gearing up for short sales and REOs Inman News In response to requests from its members, and the regularity of short sales and foreclosure-related transactions, the National Association of Realtors has launched a Short Sales and Foreclosure Resource Certification...( read more
  Foreclosure Pulse - Thursday, September 17, 2009
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• Whitney Houston: Diva in Default
  
  The news service reports that one of two lots owned by Houston was scheduled for public auction on January 4 by the Morris County’sSheriff’s office. Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press. 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 . A
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Will Homeowners Sink or Swim?
  
  But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. And prices of existing homes fell in August for the first time in 11 years as sales dipped to their lowest level since early 2004, according to the National Association of Realtors . 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
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• Subprime meltdown means jump in foreclosures
  
  filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Subprime Market Sinking Further Into the Abyss
  
  which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . This latest news comes right on the heels of a joint request by federal regulators Friday for comments on proposed tightening regulations for the subprime mortgage lending industry. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Lenders Asked to Clean Up Unhealthy Foreclosures
  
  One of the downsides of taking back foreclosed properties for the lender is the obligation and cost associated with managing those REOs — some of which are bound to be vacant for a while, especially with the extended time it is currently taking to sell real estate in the Golden State. Look to the News and Events page of the RealtyTrac website and the ForeclosurePulse blog for future updates on this and other foreclosure-related news. Posted 08-14-2007 4:05 PM by joelc Filed under: Foreclosure Trend
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Too Soon For a Comeback
  
  Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily . While everyone is worrying what the Federal Reserve is going to do next to try and stabilize the economy and keep it from falling deeper At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Negative Savings Rate Portends More Defaults
  
  Not since the Great Depression has the personal savings rate registered in negative territory for two consecutive years, according to an Associated Press article on the report. The good news is that the negative savings rate of the last two years appears to be a byproduct of voracious consumer spending not rampant unemployment like that which occurred during the Great Depression. A Commerce Department report released last week confirmed that Americans are continuing to spend more than they make, setting the stage for more increases in foreclosure activity in 2007. The Personal
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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