|
|
9 Articles match "Houses","Report","September"
|
The Latest from RealtyTrac
|
MORE
|
|
Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. See: "Option ARMs, Its Later Than It Seems," September 2008.) The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. report by Credit Suisse showed that 49 percent Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
quot;Little positive news can be found when cities like Las Vegas and Phoenix report annual declines as large as -29.9% quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Will Homeowners Sink or Swim?
But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
MBA Numbers Mirror RealtyTrac Data:
The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures rose to 4.7 percent from July through September. Looking ahead to 2007, the mortgage association expects delinquencies and foreclosures to continue on the rise at a “modest increase” over the next several quarters “as the housing market bottoms.” The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . Among subprime borrowers, the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Will Homeowners Sink or Swim?
But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures Fade in World Series Spotlight
Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). And foreclosures are just the tip of the iceberg when it comes to the city’s economic woes, reports the Los Angeles Times , which cites the decline of the automotive industry as the primary culprit. The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fed Plays a Delicate Balancing Game With Rate Cut
The rationale given for the move was the intensification of what the Fed continues to refer to as the nation’s housing “correction” which, by the way, has been ongoing for the better part of 2007. Today’s action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and promote moderate growth over time,” the FOMC said in a statement published October 31. In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Fouls Up Sports Stars
Neighbors reportedly call it “The Hotel” because it was the biggest house in the neighborhood. Citizens Bank filed foreclosure proceedings against Sprewell because he failed to make his mortgage payments of $2,593 per month since last September and owed the bank $320,284. The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, the Journal-Sentinel reported. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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. But opponents
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
OTS Director Offers Alternative Plan to Congress
House of Representatives earlier this week, John M. Reich, Director of the Office of Thrift Supervision (OTS), offered an alternative foreclosure prevention plan to the one under consideration from the Federal Housing Administration (FHA). Having such a vested interest in how many borrowers will continue to go into foreclosure as more and more subprime loans reset to higher interest rates in the immediate future (the OTS report estimates that 1.3 In a statement delivered before the Committee on Financial Services of the U.S. Representing the interests of the 826 thrift institutions
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
As Home Prices Plummet, When Will You Buy?
quot;Little positive news can be found when cities like Las Vegas and Phoenix report annual declines as large as -29.9% quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. See: "Option ARMs, Its Later Than It Seems," September 2008.) The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. report by Credit Suisse showed that 49 percent Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
|
|
|
