Shadow inventory declines by 1.2 million in 2012 Freddie Mac outlook: Housing activity remains stale Good news everyone, America’s robust economy is still projected to strengthen the nation’s housing market throughout 2019, according to Freddie Mac’s May Forecast. "Our outlook for the."Every state has had double-digit, year-over-year declines in foreclosure inventory, which is reflected in the $70 billion decline in the shadow inventory." "The stock of seriously delinquent homes and the foreclosure rate are back to levels last seen in the final quarter of 2008," said Anand Nallathambi, president and CEO of CoreLogic.
As of January, 1.5 million homes were in the foreclosure process or were owned by banks or a federal agency, according to RealtyTrac, an online real estate data company. In addition, 1.8 million homeowners were delinquent by at least 60 days on their mortgages, according to the Mortgage Bankers Association.
· Time after time, I see sellers attempting to sell via a short sale and time after time eventually see the property end up being foreclosed upon or Real Estate Owned (REO). By their own numbers, banks realize a higher return by accepting a short sale offer vs. a foreclosure offer, but yet the situation is not getting any better.
The share purchases taken up by short sales surpassed the share of move-in-ready REO purchases (13.8%) and damaged REO (13.4%). Survey Finds Short Sales Outnumber REO in January Purchases Sign In
Fitch sees no sign of strategic default for rising principal reductions As underwater borrowers strategically default, lenders are trying different methods for holding back the rising tide. Loan modifications have postponed some foreclosures, and principal reductions might postpone a few more. The value in doing a few principal reductions goes beyond the money spent.
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Flagstar mortgage servicing settlement with CFPB imminent Survey Finds Short Sales Outnumber REO in January Purchases Drugs.com provides accurate and independent information on more than 24,000 prescription drugs, over-the-counter medicines and natural products.
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CoreLogic: 791,000 underwater homes return to positive equity Foreclosures drop to lowest level since 2007 UNC director says data supports Occupy Our Homes dismay Will North Carolina dig its teeth into teledentistry? – North. – Here in North Carolina he is focused on building a team to educate others about teledentistry, and he might have some powerful support with the executive director of the north carolina dental society on board. "Teledentistry and telehealth are not about replacing what exists," Matthews assured. "It’s about enhancing it."In yet another sign of strength in our housing market, sales of distressed homes (reo real estate owned by banks) has dropped to their lowest level since April 2007. The most recent readings from CoreLogic show that distressed home sales made up just 11.1% of total home sales in April, [.] · CoreLogic found that 791,000 homes regained equity in the third quarter of 2013. Mortgage properties with positive equity grew to 42.6 million. "Rising home prices continued to help homeowners regain their lost equity in the third quarter of 2013," said Mark Fleming, chief economist for CoreLogic.
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FDIC Warns Banks on HELOC Freezes, REO Management survey finds short sales Outnumber REO in January Purchases In Housing, a Supply Problem of Epic Proportion Jump directly to links further down on this page: Canadian Government Links * Canada Mortgage and Housing Corporation (CMHC) * Homelessness Partnering Strategy * Links to Provincial and.
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This resulted in the property not being sold in a short sale, foreclosed and the banks losing thousands of dollars because they refused to go along with the short sale. Here’s a press release from C.A.R. further explaining the frustrations of short sales: Banks drag feet on short sales, survey finds