What is Shadow Inventory? Popular Foreclosure Question Shadow inventory is estimated at more than 7 million. Analysts expect it will take more than 40 months for the distressed properties to even hit the market.. But Fitch shows a more than 50.

Distressed-home sales were 35 percent of the existing-home-sales market, according to the National Association of Realtors, up from 29 percent in September ’09. Further, Fitch Ratings this past November estimated that it would take more than 40 months for the shadow inventory of delinquent loans, foreclosures and bank-owned properties to clear.

Senator unveils plan to refi 8 million underwater borrowers President Barack Obama on Monday responded to growing concerns about the nation’s battered housing market by unveiling a plan. refinance at today’s low mortgage rates” and going beyond that to. Over the last seven years, the making home affordable (MHA) program has helped over 1.8 million families obtain mortgage relief and avoid.HUD: Robo-signing settlement to accelerate principal reductions Gateway Mortgage relocates headquarters in Oklahoma Gama Aviation Signature is a US-based aircraft management and charter company with a robust infrastructure designed to deliver the safest standards, significant savings, and comprehensive resources to the world’s most exclusive business jet owners. Gama Aviation Signature is long-standing partners with UK-based Gama Aviation.Fixed-rates on mortgages rise at fastest pace since 1987 Mortgage Rates Rise at Fastest Pace of 2015 – Conforming 30yr fixed rates of 3.625% remain widely available for top tier scenarios. Up until yesterday, 3.5% was getting very close in terms of prevalence, but today’s weakness changed that.Hopkins – Principal Financial Officer and Chief Accounting Officer. On April 26, we announced an agreed settlement in litigation involving SeniorTrust to accept $15 million as full payoff of our.

‘Shadow’ real estate inventory may take 4 years to clear S&P: Slower liquidation rates to blame. By Inman News, Wednesday, February 2, 2011. It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog clears, analysts at Standard & Poor’s Ratings Services say.

Foreclosures in shadow inventory totaled 798,000 (3.2 months’ supply), and REOs in the shadows numbered 342,000 (1.4 months’ supply). Shadow inventory also represents 85 percent of the 2.6 million properties that are seriously delinquent, in foreclosure, or bank-owned.

More on the Bailout: Tripping on the Trigger Pull the Trigger; Licensed to YouTube by SME (on behalf of DIEMON); UMPI, Sony ATV Publishing, LatinAutor – PeerMusic, LatinAutor, UBEM, SOLAR Music Rights Management, LatinAutor – SonyATV.

REO inventory declined at an accelerated pace in 2012 as investor activity intensified, but the impact of the reduction has been uneven across markets, according to an analysis from CoreLogic. In the data provider’s March MarketPulse report, economist sam khater explained markets in the Midwest and Northeast are still struggling with REO inventory, while the South and Southwest are seeing.

This "only six states" also represent 40% of the population. Now, representing half of shadow inventory instead of just 40% is probably noteworthy. However, it isn’t earth shattering, and may be more of a statement about the states that don’t have a lot of shadow inventory than those that do.

Based on data through the end of the third quarter of 2010, S&P puts the principal balance of the nation’s shadow inventory of distressed homes at more than $450 billion – a log jam that will take 44 months, or more than three and a half years, to clear from the market.

Mortgage bond trader jesse litvak convicted of fraud, again NAR survey shows how college, student debt affect homeownership This article quantifies the impact of underlying demographic and income trends on homeownership, concluding that while much of the increase in the aggregate homeownership rate can be attributed to.A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. Litvak, 39, was convicted on all 15.

Whalen explains: “No more than 50% of the REO properties purchased from FHA, for example, can be put on the market for sale as a vacant foreclosure, FHA acting commissioner [Carol] Galante said last.

Categories: Home Loans