Archive for distressed sales

Foreclosure Activity Drops in First Half of Year

July 28, 2011 No Comments

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to the Mid-year 2011 Metropolitan Foreclosure Market Report released on Thursday by RealtyTrac.  This includes the ten cities…

Tags: Auction, default notice, distressed sales, Eviction, home prices, realtytrac, reo

Foreclosure Reality Distorted by Processing Delays

July 14, 2011 No Comments

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the magnitude of the trajectory.  The mid-year report, released on Thursday, solidifies the impression of an impr…

Tags: distressed sales, home prices, realtytrac, robosigning

Foreclosure Reality Distorted by Processing Delays

July 14, 2011 No Comments

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the magnitude of the trajectory.  The mid-year report, released on Thursday, solidifies the impression of an impr…

Tags: distressed sales, home prices, realtytrac, robosigning

Foreclosure Filings in Downtrend. Masked Reality?

June 16, 2011 No Comments

Could the end be near?  There finally appears to be a developing trend of good news on the foreclosure front as filings of all types declined by two percent in May.  This is now the eighth straight month that RealtyTrac’s U.S. Foreclosure Mar…

Tags: distressed sales, home prices, realtytrac, robosigning

Foreclosures Sell at 27% Discount. Distress Focused in Few States

May 26, 2011 No Comments

Foreclosed properties continued to impact the home sales market during the first quarter of 2011 according to a report released Thursday by RealtyTrac.  Sales of bank-owned homes or those in some state of foreclosure represented 28 percent of all…

Tags: Auction, default notice, distressed sales, Eviction, home prices, realtytrac, reo

Homebuilders Go Numb. Confidence Index Frozen

May 16, 2011 No Comments

The National Association of Homebuilders (NAHB) reported on Monday that its Housing Market Index (HMI) came in at 16 for the sixth time in seven months.  The HMI is a measure of builder confidence gleaned from homebuilders’ responses to a monthly …

Tags: distressed sales, NAHB Confidence

Steep Drop in Foreclosure Filings Only Temporary: RealtyTrac

May 12, 2011 No Comments

Foreclosure activity hit a 40 month low in April, posting a decline in all types of filings for the seventh straight month according to data released Thursday by RealtyTrac. One in every 593 U.S. housing units was subject to some form of foreclosure fi…

Tags: Auction, default notice, distressed sales, Eviction, home prices, realtytrac, reo, robosigning

Existing Home Sales Still Hindered by Uber Tight Lending Regs

April 20, 2011 No Comments

The National Association of Realtors today released Existing Home Sales data for March 2011 Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodolo…

distressed sales, existing home sales, home prices, Inventory, mortgage credit, Underwriting Guidelines

Default Notices and Evictions Increase in March. Data Still Distorted

April 14, 2011 No Comments

Foreclosure activity overall was down in the first quarter of 2011 when compared to the previous quarter and activity from one year earlier, but March figures showed a month over month increase in the number of default notices and evictions. Foreclosu…

Tags: Auction, default notice, distressed sales, Eviction, home prices, realtytrac, reo, robosigning

Foreclosure Sales Fall in Fourth Quarter 2010. Asterisks Noted

February 24, 2011 No Comments

Despite a sizeable drop in the fourth quarter, sales of foreclosed properties again accounted for over a quarter of all single-family home sales in 2010.  Sales of foreclosed homes represented almost 26 percent of all sales during the year, down f…

Tags: distressed sales, home prices, realtytrac, robosigning
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Investors, First-Time Buyers Growing Leary of Distressed Market

The latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released on Monday, has a pair of findings that should be distressing to...

CBO Evaluates Potential Costs of a Large-Scale Refinancing Program

The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it...

Government Seeks Solutions to Foreclosure Glut

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently...

Loan Demand Up as Mortgage Rates Fall

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011.  Excerpts...

FHA’s Mortgage Review Board Sanctions 240 Lenders

The Federal Housing Administration's (FHA's) Mortgagee Review Board (MRB) has posted the results of formal actions taken against 240 lenders for...

Foreclosure Activity Drops in First Half of Year

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to...

Loan Demand: Refi Index Near 2011 Highs

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011.  Last...

Foreclosuregate: Banks Seek Immunity from Civil Lawsuits

I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...