3 Articles match "Bank Owned","Income","June"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
June Fletcher of The Wall Street Journal sagely advises that the answer is "For some people, yes. 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 If renters see little incentive to rent rather Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year
www.foreclosurepulse.com - Tuesday, December 16, 2008
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Fannie Mae Toughens Foreclosure Guidelines
Effective June 1, 2008, Fannie will require a potential borrower’s credit history to be free from any foreclosure activity for five years before it will consider buying a mortgage taken out by that borrower. There are only three exceptions to this requirement: • Manually underwritten loans with non-traditional credit • Loans originated in limited cash-out situations, or • Loans insured by an agency of the federal government such as HUD, FHA or VA Although it does not appear that these new standards will apply to investors, they will make it harder for low-income and first-time homebuyers
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Fannie Mae Toughens Foreclosure Guidelines
    Effective June 1, 2008, Fannie will require a potential borrower’s credit history to be free from any foreclosure activity for five years before it will consider buying a mortgage taken out by that borrower. There are only three exceptions to this requirement: • Manually underwritten loans with non-traditional credit • Loans originated in limited cash-out situations, or • Loans insured by an agency of the federal government such as HUD, FHA or VA Although it does not appear that these new standards will apply to investors, they will make it harder for low-income and first-time homebuyers
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    June Fletcher of The Wall Street Journal sagely advises that the answer is "For some people, yes. 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 If renters see little incentive to rent rather Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • July Foreclosure Report
    Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE