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24 Articles match "Associated","State"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
The overwhelming majority of mortgages are funded with money that travels with electronic speed across state and national borders. The remaining mortgages — perhaps a million or more — will then need to be divided into two groups: First, failed mortgages made with stated-income loan applications from employed borrowers would be audited automatically. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible The Government Goes After Loan Officers By Peter G. Miller One of the most
www.realtytrac.com
- Tuesday, February 3, 2009
How Much for Those Lender Assets in the Window?
This is a huge issue because at the end of 2007 the United States had residential mortgages worth $10.5 lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” As an example, the surprise in the WAMU deal was not the high default rates for subprime or option ARMs, rather it was the huge losses associated with home equity lending. How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
You could get your option ARM or your piggyback deal with a stated-income loan application, an application where you estimated your monthly income and the lender generally did not check your figures. report by Credit Suisse showed that 49 percent of all ALT-A mortgages -- the loan category that includes option ARMs -- were made with stated income loan applications. (See: Given Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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Florida Homeowners Overconfident Despite Foreclosures?
Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). It seems to fly in the face of recent market activity statewide reported by the Florida Association of Realtors . Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Inch Higher in May
RealtyTrac just released state and national foreclosure statistics for the month of 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. Saccacio, chief executive officer of RealtyTrac. “While While our report confirms that the number of properties entering foreclosure is still significantly higher than it was during
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
According to the National Auctioneers Association, the fastest growing sector of the $257.2 The deposit amount varies from state to state and the auction company handling the sale. In fact, some states require winning bidders to pay the full sales amount the same day as the auction. 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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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Lenders Asked to Clean Up Unhealthy Foreclosures
At least unhealthy enough that, in an unprecedented move, California State Commissioner of Financial Institutions, Michael A. Kelley, sent out an official notice last Tuesday requesting that all state licensees in the financial services industry clean up any stagnant water located around vacant properties — many of which are foreclosures. Arnold Schwarzenegger to declare a state emergency in counties hardest hit by the mosquito-carried disease. Not only are foreclosures unhealthy for the economy, apparently they can be unhealthy for people as well. So far in 2007 four
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Tread Caringly, Ye Goode Investors
has been stumping in Ohio, a very important state in terms of picking up delegates. There’s no reason why our country should leave our people in such a state of pain, anxiety and insecurity. Clinton said about the present state of the nation’s economy. Three mental states that legitimate There is no doubt that foreclosures are on the radar screen of all three leading presidential candidates these days — although probably more publicly on the Democratic side of the aisle, where the subject has been discussed constantly during many television debates. Trying to keep
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Filings Soar 90 Percent
Meanwhile, the Mortgage Bankers Association, in its quarterly snapshot of the mortgage market released today, reported that the percentage of payments that were 30 or more days past due for one-to-four unit residential properties was 4.84 Those states have special circumstances that do not reflect what is happening in the rest of the country,” said Doug Duncan, the association’s chief economist, in a statement. 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
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Latest Reports Sending Out Mixed Signals
Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy. The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 Yet, in the NAR announcement, chief economist Lawrence One report, the IBD/TIPP economic optimism index (published by Investor’s Business Daily and TechnoMetrica Market Intelligence), dropped to 39.2 in April, the largest drop in consumer confidence measured
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Too Soon For a Comeback
The bottom line is that no one can say anything with 100 percent certainty given the current state of our national economy. 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 The NAR tried to be positive about the nation’s situation earlier this month in stating that, “Existing home sales could start to show a sustained increase within At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. percent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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