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21 Articles match "May","Residential"
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The Latest from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year...( read more )
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Foreclosure Pulse
- Tuesday, August 25, 2009
How Much for Those Lender Assets in the Window?
This is a huge issue because at the end of 2007 the United States had residential mortgages worth $10.5 What they show is that investors today, including Uncle Sam, should be able to value mortgage paper with some clarity.” The catch, said Saccacio, is that loan portfolios likely differ so much that generalizations may not work. “Every would-be buyer of mortgage-related securities will have to review portfolios with enormous care. Hopefully the WAMU portfolio is not How Much for Those Lender Assets in the Window? By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option ARMs are the most complex residential loan products ever offered.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year...( read more )
...Tags:
Foreclosure Pulse
- Tuesday, August 25, 2009
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Waning Confidence a Concern That May Help Foreclosures
Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. Economics 401 – Effects of a housing ‘slump’? When James L. Doti, president of Chapman University, updated his 2006 economic forecast for the nation, he did have one question that could throw a monkey wrench into the equation, and he called it, THE BIG IF .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Mexico Foreclosure Laws
The typical foreclosure process lasts about six months. Compare All State Foreclosure Laws New Mexico Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 180 Days NA 30-270 Days Court Comments: Judicial Foreclosures only
www.realtytrac.com
- Tuesday, February 3, 2009
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Data Suggests Decline in California Foreclosures
This sheds light on some of the most recent foreclosure statistics published by RealtyTrac (see our latest report) , which show decreasing numbers of new filings in March and April, and May numbers up only slightly. And what job losses there are – like in residential construction – should be absorbed elsewhere such as in non-residential construction. California’s latest economic numbers reported by forecasters at the A. Gary Anderson Center for Economic Research at Chapman University suggest that the number of foreclosures for the state will continue to dwindle for the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
billion auction industry is residential real estate auctions, which jumped 12.5 Moreover, an owner or tenant living in the house may or may not be cooperative about moving out. Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real
www.realtytrac.com
- Tuesday, February 3, 2009
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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. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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More Powerful Than a Foreclosure
rdquo; So much for old ‘60s TV shows! In today’s world where foreclosure numbers are running rampant, especially in parts of Florida (where 37,364 properties with foreclosure filings were reported in May), distressed homeowners could use a superhero of their own to help them avoid or stop the foreclosure process. Florida posted the second highest foreclosure total and fourth highest foreclosure rate in the nation for May, with one in every 228 households receiving a foreclosure filing during the month. “Faster than a speeding bullet. More powerful than a
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure's Fallout, 2 Titans Tumble
Every time Wall Street executives and economists think they have acknowledged the full extent of the subprime mortgage meltdown in the residential real estate sector, more bad news is uncovered. Big debt problems at two leading banks gives rise to fears that other banks may write down the value of more subprime-related debt. Last week, Citigroup’s chief executive Charles Prince tendered his resignation — another casualty of the growing subprime fiasco. Prior to Prince’s departure, Citigroup said that it would take additional write-downs of $8 billion to $11 billion in the fourth
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing glut gives foreclosure buyers and investors advantage
That suggests that prices may have to fall further for sales to pick up and the overall housing market to recover. Housing starts tumble sharply New residential construction fell sharply in January, plunging 14.3 For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Immediate Relief Nowhere to Be Found
Also on Tuesday, The Conference Board released its monthly Consumer Confidence Index report, showing an almost eight point decline between its May measurement (58.1) Perhaps the silver lining to this otherwise dismal report is that Consumer Confidence may be nearing a bottom." Adding more insult to injury, the Commerce Department came out with its May report of new residential home sales on Wednesday, Three top indices of economic health in the U.S. came out with negative reports this month, supporting the notion that the nation’s inventory of available
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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