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5 Articles match "Estimate","Journal"
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The Latest from RealtyTrac
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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. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosures Won't Break the Market Next Year
According to Cagan, 90 percent of all red loans that have equity difficulty will go into default, while 70 percent of all orange loans are estimated to go into default because they are already under financial distress. During this reset period he estimates losses of approximately 1 percent of homeowner equity a year. In fact a recent Wall Street Journal Online/Harris The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. The severity of that impact, however, is open to discussion — depending, of course, on how
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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 . Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Greed and deceit. It’s a recurring theme in the real estate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Legend of Foreclosure Vandalism Grows
The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless. The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C." Las Vegas is used as a backdrop for the story, not surprising given that the foreclosure rate in Las Vegas consistently ranks among the top 10 metro foreclosure rates, according to RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Fouls Up Sports Stars
Plus he has paid out an estimated $7 to $8 million to settle “a couple of divorces.” He now lives in a smaller home in an unknown location. As for Sprewell, just last week he lost the home he purchased for $405,000 back in 1994 in the affluent Milwaukee suburb of River Hills to foreclosure, according to the Milwaukee Journal-Sentinel . The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, It’s not just average Americans who are losing their homes to foreclosure these days. Even
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Won't Break the Market Next Year
According to Cagan, 90 percent of all red loans that have equity difficulty will go into default, while 70 percent of all orange loans are estimated to go into default because they are already under financial distress. During this reset period he estimates losses of approximately 1 percent of homeowner equity a year. In fact a recent Wall Street Journal Online/Harris The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. The severity of that impact, however, is open to discussion — depending, of course, on how
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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 . Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Greed and deceit. It’s a recurring theme in the real estate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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