Category Archives: Real Estate News

Foreclosure Deal Deadline Postponed

Posted on February 3, 2012 by admin

The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3, the Iowa Attorney General’s Office said.  States were given more time to evaluate the proposal, which … Continue reading →

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2012 Fannie Mae Predicts ‘Moderate Growth’

Posted on January 18, 2012 by admin

The U.S. economy is projected to grow 2.3 percent for the year, according to Fannie Mae’s Economics & Mortgage Market Analysis Group. Growth will be affected by “fiscal policy issues and political economic uncertainty,” according to Fannie Mae. The upcoming … Continue reading →

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Will Housing Recover by 2013

Posted on January 16, 2012 by admin

A poll of 23 economists and analysts found a consensus for no change in the S&P/Case-Shiller home price index in 2012, compared with a median 0.3% decline that was forecast in the last poll in November.  Many say that a … Continue reading →

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Renovation Make Over, Features of the FHA 203k Streamline Loan

Posted on January 14, 2012 by admin

The FHA 203k Streamline program has gained popularity recently because of the amount of foreclosed homes that are being purchased are in need of repair.  The FHA 203k streamline program can be utilized both as a FHA refinancing option as … Continue reading →

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What’s Up With All The REO’s?

Posted on January 3, 2012 by admin

Five years into the housing crisis, and foreclosures remain elevated. We’ve seen temporary lulls in home repossessions that coincided with the implementation of new state and municipal mediation efforts, moratoria enacted as federal programs ramped up, and suspensions of filings … Continue reading →

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Trulia says more foreclosures coming. Do you know how to sell a 203K home?

Posted on December 29, 2011 by admin

Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year.  While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading →

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REO Properties Are Moving Faster

Posted on December 21, 2011 by admin

Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to … Continue reading →

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Las Vegas No Longer Top Foreclosure City, Hello Stockton Calif.

Posted on November 10, 2011 by admin

Las Vegas is no longer the top foreclosure city in the country. A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Vegas off the spot it held for 22 … Continue reading →

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Foreclosure Timeline Lengthened 140 Days Over Last Year

Posted on November 2, 2011 by admin

Mortgages backing homes that were foreclosed on in September had been delinquent for an average of 624 days, according to Lender Processing Services (LPS). That’s up from 484 days in September of last year, just before the processing issues surfaced. … Continue reading →

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Barclays Expects a ‘Triple-Dip’ in Home Prices

Posted on October 17, 2011 by admin

The analysts at Barclays Capital say a “triple-dip” in home prices will likely materialize by early next year. The term “triple-dip” emerged in a Clear Capital report a couple of weeks ago, and Barclays says its analysis corroborates the idea. … Continue reading →

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