12 Articles match "December","Market"

• The Best from RealtyTrac

  MORE

• Foreclosures Exceed 100K for Fifth Month
  
  foreclosure activity dropped 9 percent in December, backing down from a November foreclosure total that was the year’s highest. But the 109,652 new foreclosure filings during the month still represented a 35 percent increase from December 2005 and marked the fifth consecutive month with a foreclosure total above 100,000, according to the RealtyTrac U.S. Foreclosure Market Report released today. U.S. Colorado, Nevada and Georgia posted the nation’s three highest state foreclosure rates despite decreasing foreclosure activity in all three states.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Gentle January Foreclosure Increase
  
  Although they were up 57 percent from January 2007 and 8 percent from December, the January foreclosure numbers released today by RealtyTrac do not appear to represent the massive wave of foreclosures that is expected to hit sometime soon thanks to the rash of risky loans given to borrowers as late as just last year . And in either case, does that make the current market a good one in which to buy or invest in real estate? Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove to be a violent thunderstorm.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 2007: Housing Slowdown Good for Foreclosures
  
  housing market into a full tailspin, according to forecasters at Chapman University in Orange, Calif. That means 2007 should be a good year for anyone involved in the foreclosure sector of the market — whether they are real estate agents, potential home buyers or real estate investors. Some highlights of the Chapman forecast: The sky isn’t falling, but housing prices are projected to decline 2.2 percent on average next year, after an almost 50 percent run-up in appreciation The cooling real estate sector will continue to plague the national economy next year, but enough positive economic fundamentals remain in place to counteract forces threatening to push the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Forecasters Change Housing Estimates for '07/'08
  
  The nation’s housing market is not cooperating the way analysts at the A. With the housing market languishing on the downslide, Doti expects export sales — which are forecasted to increase by almost $100 billion in both 2007 and 2008 — to replace real estate as the major driver of economic growth in this country. Still, Doti, along with his colleague Essie Adibi, director of the Anderson Center, are diligently standing by their 2007 forecast made last December that real GDP will pickup for the second Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 2006: An Adjustable' Year for Foreclosures
  
  Based on data collected between December 18 and December 21, 2006, the survey cited three major conclusions: That the overall market share of adjustable-rate mortgages (ARMs) as a whole declined in 2006 as the savings gap in interest rates between ARMs and fixed-rate mortgages shrank; Lenders offered greater incentives (discounts) in 2006 in order to maintain the flow of ARM originations coming in the door; and Hybrid loans — particularly the very popular 5/1 ARM where the teaser interest rate is fixed for five years before the lender can push the interest rate upward — became the most popular
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Subprime meltdown means jump in foreclosures
  
  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. 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 . Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Celebrity Foreclosures
  
  In December 2004, Ms. In March 2007, the Hearst mansion — known locally as the Villa Venezio — was put on the market by the Corcoran Group for $27 million. Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. Hearst, is fighting foreclosure proceedings on her 5.1
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• From $2B Bailout to $4B Buyout at Countrywide
  
  According to various news reports , earlier this week the firm reported that the number of foreclosures and late payments on mortgages it held in December 2007 soared to their highest level in five years. Even now Bernanke and his colleagues at the Federal Open Market Committee are still denying it. Yes, the market is getting uglier. It didn’t take long from a historical perspective. Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime mortgage mess — which reportedly
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Housing glut gives foreclosure buyers and investors advantage
  
  Storm clouds are gathering over the nation’s battered housing market. million empty houses were listed for sale during October, November and December, according to the Census Bureau . That suggests that prices may have to fall further for sales to pick up and the overall housing market to recover. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds. Fueling the latest concerns is a deluge of discouraging data in the housing sector.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Greed and Deceit Get Their Comeuppance in Any Cycle
  
  In all, an estimated 3,200 employees lost their jobs when it was announced. New Century is just the latest of many lenders in the subprime market that are now either filing for reorganization under Chapter 11 or trying to sell their subprime operations and laying off employees — like at Option One Mortgage . Even though an estimated 19 percent of all loans originated in 2005 and 2006 were subprime ARMs (according to a December 2006 report published by the Center for Responsible Lending ), there are still plenty of homeowners in the marketplace who are undergoing other distressing
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE