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13 Articles match "Journal","Report"
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The Latest from RealtyTrac
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Long-Term Solution for Fannie and Freddie Dilemma
government, Fannie and Freddie dont need to be solvent," says the Wall Street Journal. "They Commercial banks and savings institutions insured reported a net income of $5 billion in the second quarter of 2008, according to the Federal Deposit Insurance Corporation (FDIC). Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller Its been a rough year for Fannie Mae and Freddie Mac.
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
Screech from "Saved by the Bell" in Foreclosure
The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee." This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Screech from "Saved by the Bell" in Foreclosure
The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee." This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ed McMahon Fighting Foreclosure
Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is the latest casualty of an ever-growing foreclosure crisis that is gripping the nation. Yesterday, the Wall Street Journal reported that McMahon was $644,000 in arrears on a $4.8 million loan for a home in Beverly Hills, California. The 85-year old McMahon fell and broke his neck 18 months ago and defaulted on $4.8
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. With apologies to Prison Mike from "The Office," we want to scare rookie foreclosure buyers and investors straight. Posted 04-02-2008 7:22 AM by darenb Filed under: Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. based lender announced that it was the subject of a federal investigation into charges of accounting errors and stock trading, according to a Reuters report published Monday. The Orange County Business Journal reported Monday that Wall Street analysts are now predicting possible liquidation The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally).
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Fouls Up Sports Stars
Neighbors reportedly call it “The Hotel” because it was the biggest house in the neighborhood. 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 It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. The Detroit Free Press reported that "Detroit home sales shot up 30.8% On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Economic Indicators: Image Is Everything
When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Celebrity Foreclosures
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. for $6,225,000, according to The Wall Street Journal . Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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History in Sen. Dodd's Favor, But Nothing Else
formed in the 1930s to deal with foreclosures, the new agency would assist homeowners in refinancing their subprime mortgages — many of which are now resetting at much higher interest rates, resulting, in many cases, in foreclosures, according to a report in the Los Angeles Times . Still, the Wall Street Journal calls the plan a “political long shot.” At least one industry analyst, Alex J. It’s a presidential election year. A
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Won't Break the Market Next Year
Cagan’s report sorts various loans by how sensitive, or risky, the loans are. Breaking the data down, Table 18 in Cagan’s report shows as many as 1.4 In fact a recent Wall Street Journal Online/Harris Interactive Personal Finance poll revealed that 38 percent of adults have used a “creative or payment option mortgage” in a home purchase in 2006, a 5 percent increase from 2005. 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,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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