While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
Tag: foreclosure market future
Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
U.S. Representative Maxine Waters (D-California) has written a letter to Department of Housing and Urban Development (HUD) Secretary Julián Castro asking for relief and more transparency for seniors participating in HUD's Home Equity Conversion Program (HECM). At the center of the issue is the fate of surviving non-borrowing spouses upon the death of the last … Continue reading Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
VA Home Loan Centers: Shutdown May Cause Jump In Short Sales and Foreclosures
San Diego, CA (PRWEB) October 23, 2013 (insurancenewsnet.com)While the shutdown of the U.S. federal government officially ended last week, VA Home Loan Centers, and many others in the financial and mortgage industries, are predicting there will continue to be a ripple effect on home sales, as well as the rate of foreclosures and short sales … Continue reading VA Home Loan Centers: Shutdown May Cause Jump In Short Sales and Foreclosures
5 Cities with Thriving Real Estate Markets October 14, 2013 By Morgan Sims, Guest Contributor Realty Trac
Real estate made great strides this year, continuing a trend from 2012. These housing markets led the charge and will continue to rise next year. If you want to cash in on the recovery, start with this list of five thriving cities. Miami: A Seller’s Paradise Miami’s real estate market has always been fairly steady, … Continue reading 5 Cities with Thriving Real Estate Markets October 14, 2013 By Morgan Sims, Guest Contributor Realty Trac
Creative Buyers, Brokers Keep Sales Humming Despite Lack of Listings By: Guest Contributor: Daren Blomquist 10/18/2013
Many in the real estate industry believe there is a listing shortage, but a close look at the numbers suggests buyers in most markets are purchasing homes in increasingly larger volumes—even if some of those sales involve off-market homes not listed for sale.In July there was a 5.1-month supply of unsold existing homes, unchanged from … Continue reading Creative Buyers, Brokers Keep Sales Humming Despite Lack of Listings By: Guest Contributor: Daren Blomquist 10/18/2013
FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure By: Esther Cho
The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to reenter the market in as little as 12 months, according to a mortgage letter released Friday.Borrowers who experienced a foreclosure must wait at least three years before getting a chance to get approved for an FHA … Continue reading FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure By: Esther Cho
Gov’t Shutdown May Have Lingering Effects
Daily Real Estate News | Friday, October 18, 2013It was back to business for the federal government Thursday, as government offices reopened following a 16-day shutdown over a federal budget and debt ceiling impasse among lawmakers. But for the mortgage and real estate industry, there may be a few clogs in the pipeline from the two-week … Continue reading Gov’t Shutdown May Have Lingering Effects
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By Rebecca Kaplan, Stephanie Condon / CBS News/ October 16, 2013, 10:20 PM Open for business: Government shutdown, default averted
Updated at 12:49 a.m. EasternAfter 15 days of a government shutdown and on the eve of when the country was set to lose its borrowing authority, Congress passed legislation to fund the government and avert a default Wednesday night. President Obama later signed the bill, officially reopening the government and allowing federal employees to head … Continue reading By Rebecca Kaplan, Stephanie Condon / CBS News/ October 16, 2013, 10:20 PM Open for business: Government shutdown, default averted
Washington Bickering Has Killed Nearly 1 Million Jobs By Rick Newman | The Exchange
It’s just a “partial” government shutdown. Threats of a U.S. government default are overblown. The federal government is too involved in the economy, anyway.These are some of the excuses used to justify repeated standoffs in Washington over federal spending. The politicians doing the fighting usually insist the economy can withstand their histrionics and everything will … Continue reading Washington Bickering Has Killed Nearly 1 Million Jobs By Rick Newman | The Exchange
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