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Mortgages: Foreclosures dip from January levels
By Robert Daniel, MarketWatch TEL AVIV (MarketWatch) -- Foreclosure filings in the U.S. rose 6% from a year earlier and fell 2% from January 2010, RealtyTrac reported on Thursday. These filings -- default notices, scheduled auctions and bank
Foreclosures dip from January levels
By Robert Daniel, MarketWatch TEL AVIV (MarketWatch) -- Foreclosure filings in the U.S. rose 6% from a year earlier and fell 2% from January 2010, RealtyTrac reported on Thursday. These filings -- default notices, scheduled auctions and bank
Foreclosures leveling off
NEW YORK (CNNMoney.com) -- The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. In January, the foreclosure
Social Compact Launches Exciting New Online Tool in Washington, DC Through Support from the...
health of the District's small businesses; and -- A wealth of indicators pertaining to the District's housing market, including foreclosures, market sales, home values and more. Social Compact is a coalition of national business leaders committed to
U.S. Foreclosure Activity Decreases 2% in February 2010
RealtyTrac, a leading online marketplace for foreclosure properties, released its February 2010 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 308,524 U.S.
Beware Of A Double-Dip Recession
based on the Michigan survey, has tanked. On the real estate front, new home sales are collapsing again, existing home sales are also falling sharply and construction activity (both residential and commercial) is sharply down. Durable goods orders are
Down payment requirements considered
David H. Stevens plans to tell a House subcommittee Thursday that such an increase could have undermined the housing market and led to a double-dip in home prices by vastly reducing the agency's loan volume. The Obama administration 'determined after
No rush to restructure Fannie and Freddie
officials and analysts say, because the firms in their current form play an essential role in supporting the housing market at a time when it is still under severe stress. As other financial firms have exited the market and credit has seized up, Fannie
• Sex.com domain goes up for grabs
finance the deal. As a result, sex.com will be sold 'as is' in the equivalent of a foreclosure sale, according to a letter from DOM Partners' lawyers that was made public Tuesday. The auction is set for March 18 in New York, and bidders are required to
Geithner urges reform on housing finance market
we want to take a careful look at the entire set of government agencies that act in the housing market now and the set of policies that helped contribute to this terrible crisis." The government took control of Fannie and Freddie, placing them in
Prime Group Realty Trust Suspends Series B Preferred Dividends for the First Quarter of 2010...
currently in discussions with the Lender regarding the loans, including the possibility of a deed in lieu of foreclosure transaction with the lender and other related matters. Pursuant to the terms of each loan, the loans are non-recourse to their
Mortgage Rates Decline; Current 30-Year Fixed Rate Is 4.76%
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.76%, down four basis points from 4.80% compared to this same time last week. The 30-year fixed mortgage rate fluctuated between 4.76 and 4.82 during the…
Appraisal Institute Opposes Obama Administration’s Plan for Homeowner Short Sales
Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers recently voiced their opposition to changes to an Obama administration program that will encourage short sales of homes. The
Regional Spotlight: Connecticut Home Sales, Prices Increase in January 2010
277 single-family home sales recorded in January, up 19.5% from 1,069 a year earlier. “Connecticut’s housing market has been steadily improving over the last several months. January was the third straight month that sales increased year-over-year by
More Consumers Pay Credit Card, Skip Mortgage Payments
senior director of analytics, said she expects to see more consumers with high scores go into the home foreclosure process, particularly on their second homes, as interest rates rise on adjustable-rate mortgages. “If they have second homes, they’re
Judge Rejects TARP Defense in Foreclosure Case
CITY-A Brooklyn judge has rejected a borrowers contention that a mortgage company should be precluded from pursuing a foreclosure because the company may have received funds from the federal Troubled Asset Relief Program. "If this Court were to accept
Homebuilders: Stand Pat With Quality
a breather as homebuilders continue to face considerable headwinds. What to do? Buy quality names and wait. The housing market cannot rebound in earnest until excess housing inventory is absorbed, there is sustained jobs growth and consumers can pay for
Foreclosure Case Rejects TARP Defense
Brooklyn judge has rejected a borrower’s contention that a mortgage company should be precluded from pursuing a foreclosure because the company may have received funds from the federal Troubled Asset Relief Program. "If this Court were to accept this
Wholesale inventories fall, restocking expected
percent pace in the last three months of this year. Separately, the Mortgage Bankers Association's index of mortgage applications increased 0.5 percent last week, reflecting increased demand for home purchase loans even as mortgage interest rates trekked
Experts Talk Budget Deficit, Wholesale Trade, Housing
plummeting house prices, and moribund construction activity, 2009 saw signs of stabilization and recovery in the U.S. housing market. Key housing market variables have been so volatile in recent years that it is easy to lose track of what a recovered
Citi, AIG, Fannie and Freddie: The Not Fab 4
giants Fannie and Freddie, something that most believe is still needed to prevent another big upheaval in the housing market. But none of this can explain why these four stocks have done so well in such a short period of time. John Kolovos, co-head of
Garanti growth alluring, but lack of control deters
a very young population. We have low retail lending to GDP ratios and we also have a booming housing market." Garanti aims to outpace Turkish market growth in 2010 with a 17 percent increase in Turkish lira loans and a 12 percent rise in foreign-exchange
Home loan demand nudge higher in latest week
NEW YORK (Reuters) - U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. If demand for purchase
Presbyterian Manors Starts $179M Senior MF
and repositioning of existing facilities because its so difficult to get new construction loans to close. The senior housing market is also just like every other commercial venture today, a casualty of the housing market, he says. People normally have to
• Nab a real estate deal - while you still can
-- If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move. While home prices remain low, they're no longer free-falling in most markets. Mortgages
Eaton Vance Dumps 'Dirt Bonds'
of a bondholder who had taken possession of land in a default. “Some bondholders are starting to realize foreclosure isn’t the answer,” said Carter. “They would go from bondholders trying to get tax-free income to being real estate developers
Australian Economy to Expand Faster, RBA’s Lowe Says (Update2)
economist at Westpac in Sydney. Rate Cycle The previous rate hike cycle and the March sentiment reading suggests mortgage rates have not reached the point where increases have a major impact on confidence, Evans said. The central banks four increases,
USA Cares Launches Military Lender Education Program
goals of military families. “We’ve paid out over one million dollars to save military family homes from foreclosure in the past three years,” says Jennifer Robinson, USA Cares director of assistance. “This new effort will help reduce the need for
Baird & Warner Launches Online Search Engine for Foreclosed Properties
company has announced. According to the company, this new feature delivers to prospective buyers and investors the freshest foreclosure information available, and gives them valuable search capabilities developed to make the process easy and efficient.
Budget squeeze sours jobs picture
end later this year. The federal government will also soon pull back on its massive support for the housing market, which has aided municipalities by slowing the decline in house prices and pulling the economy out of free fall. The Federal Reserve is due
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