11 Articles match "Foreclosures","Houses","June"

• The Best from RealtyTrac

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• Foreclosures Continue Retreat
  
  RealtyTrac released its June 2006 U.S. Foreclosure Market Report Tuesday, and the report shows a trend you may not have expected if youve been reading some recent headlines: foreclosure activity actually slowed in June from the previous month. The total number of foreclosures dipped below 90,000 for the first time this year, significantly lower than the 117,000-plus reported in February. So, despite myriad predictions otherwise, it appears that foreclosures are not spiraling out of control -- although they are up significantly But many market watchers are still waiting for the other shoe to drop, with trillions of dollars in adjustable rate loans expected to reset in the next year and a half .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Ohio Lawmaker Seeks Solution to Foreclosure Level
  
  It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. House Finance Services Committee in Cuyahoga County Wednesday. The topic on the table: the high foreclosure rate in Cuyahoga County — one of the highest in the nation — and what can be done to ease the bleeding. One example — Rep. Steven C.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• July Foreclosure Report
  
  foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details . 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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• RealtyTrac VP Speaking at USFN Seminar
  
  If you’re attending the annual 2008 USFN National Default Servicing Seminar in Texas this week, you can catch RealtyTrac Vice President of Marketing Rick Sharga speaking on the latest foreclosure legislation at a 9 a.m. rdquo; “The housing slump — accompanied by a surge in foreclosures — in the midst of a presidential election year has pushed foreclosure prevention legislation to the top of many politicians’ priority lists,” Sharga said in a statement . “The panel discussion titled “In the News: Current Issues Affecting the Default Servicing Industry.”
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Mortgage Reform to Calm Foreclosure Storm
  
  In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. Sets forth defenses to foreclosure. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Michigan Goes Hollywood to Help Homeowners
  
  Rather, it’s more of a “reality” television show. The State of Michigan is hitting the airwaves with a cable television show of its own called “House Michigan” aimed at promoting homeownership and everything that entails. Since January 2006 Michigan has ranked in RealtyTrac’s top 10 states with the greatest foreclosure activity in the nation, most of that time maintaining a position in the top five. Lights! Camera!
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Will Main Street Sink Wall Street?
  
  Furthermore, to contain the damage, Bear Stearns brought in Jeffrey Lane on June 29, from rival Lehman Brothers and named him chief executive officer to replace Richard Marin, who gets the courtesy title of senior adviser to the asset-management division. The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Mid-Year Report: Nation Not Over the Hump Yet
  
  But real estate — housing prices to be precise — is the sign that forecasters at the A. In their June 2008 issue of the Economic & Business Review, the U.S. Forecast article for 2008-2009 is entitled, “The Recessionary Outlook: Housing Prices Will Determine Its Length and Intensity.” As it has in times past, real estate has led this nation into recession, and it will lead us out as well — when the signs are there for a recovery. We’re now mid-way through 2008 and the signs aren’t there yet to say for certain that we’re over
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Can "Appreciation Sharing" Solve The Mortgage Mess?
  
  The just-passed Housing and Economic Recovery Act includes provisions that will help some 400,000 families replace toxic loans with FHA financing. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the past few months there has been a huge debate in Washington regarding how to assist those with toxic loans, assuming they should get any assistance at all. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
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