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17 Articles match "Report","September"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the typical first-time buyer put down just 2 percent, repeat buyers had 16 percent down payments and 25 percent of all purchasers bought with nothing down. While many lenders are underwater, for the second quarter of 2008 the ING Group reported net No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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.) report by Credit Suisse showed that 49 percent of all ALT-A mortgages -- the loan category that includes option ARMs -- were made with stated income loan applications. (See: Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosures Don't Back Down in September
Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. RealtyTrac’s monthly foreclosure report shows 112,210 properties entering some stage of foreclosure during September, a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005. September’s foreclosure rate of one new foreclosure Colorado, Nevada and Michigan posted the highest state foreclosure rates, and California reported the most foreclosure activity of any state in terms of sheer numbers.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Curious Case of Fannie Mae & Freddie Mac
The latest report shows that Fannie and Freddie owned 30.5 million mortgages at the end of September. Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
RealtyTrac Article Library
- Monday, December 22, 2008
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The Curious Case of Fannie Mae & Freddie Mac
The latest report shows that Fannie and Freddie owned 30.5 million mortgages at the end of September. Of those loans, 25.4 million were prime mortgages while 5.1 million were subprime financin
RealtyTrac Article Library
- Monday, December 22, 2008
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1 Million Foreclosures and Counting
Foreclosure Market Report , released today. The report shows a foreclosure rate of one new foreclosure filing for every 1,001 U.S. households — up 3 percent from September and 42 percent from October 2005. California recorded more than 16,000 new foreclosure filings during the month, the most of any state for the second month in a row and more than three times the number reported Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S. The year-to-date foreclosure
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Homeowners Sink or Swim?
RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. Foreclosure Market Report, which shows 112,210 properties nationwide entered some stage of foreclosure during the month, a decrease of less than 1 percent from August, and a 63 percent increase from September 2005. The report also shows a national foreclosure rate of one new foreclosure filing for every 1,030 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
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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. Foreclosure Market Report . 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 rate of delinquencies and foreclosures were much higher, rising to 12.6
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Freddie and Fannie Spurn New York Subprime Loans
Meanwhile, Fannie Mae — the beleaguered government-sponsored enterprise (GSE) holding billions in bad loans — reported this week that it will stop purchasing mortgage loans in New York that fall within the state’s definition of “subprime home loans.” rdquo; Fannie’s sibling, Freddie Mac , who is also reeling with bad debt, chimed in last week, saying it will pull out of the New York subprime market on September 1, 2008. Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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Fed Plays a Delicate Balancing Game With Rate Cut
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. Lenders reporting billion dollar losses in Q3 and laying off thousands of employees. 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
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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 According to the RealtyTrac September 2006 U.S. Foreclosure Market Report, on a yearly basis foreclosure activity was up 63% from the same month last year. 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 you choose to massage the data to prove your point.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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