Tag Archives: Delinquent Loans

Foreclosure-Related Homes Still Driving Sales

Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales, when the home is sold for less than the value of the mortgage, made up 22 percent, according to a new report from RealtyTrac. Add … Continue reading

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US Homeowners Rise Above Water on Mortgages

The negative equity numbers also don’t say anything about whether or not the loans coming out from underwater are delinquent. While the overall delinquency rate dropped dramatically in the fourth quarter of 2012 to 7.09 percent of all loans, according … Continue reading

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Higher-End Homes Finally Selling Again

“While there’s still a risk that the fiscal cliff will derail the housing recovery, the balance between supply and demand suggests that, if anything, the risks around our forecast of a 5 percent increase in house prices next year are … Continue reading

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Why Aren’t Candidates Talking More About Housing?

There has been plenty of political talk about the economy this week, but precious few words about one of the biggest drags on the economy: housing.  Despite recent signs that the housing market is improving, it is far from healthy. … Continue reading

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Big Banks Pushed to Outsource Mortgages

In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get them faster, more effective and informative service.  … Continue reading

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Bank’s Offer to Slash Mortgages Gets Surprise Response

Bank of America repeated a promise to reduce its inventory of delinquent mortgages by 300,000 in the next 12 months. The bank, which reported quarterly earnings Wednesday, currently services about 1 million delinquent loans, thanks to its takeover of Countrywide … Continue reading

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What Recovery? Home Prices May Hit Roadblock Soon

The recent growth in U.S. home prices may hit a roadblock in the coming months, thanks to a new supply of distressed properties hitting the market. Banks are moving more delinquent loans through the pipeline at a faster pace, according … Continue reading

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As Foreclosures Ramp Up, New Roadblocks Ahead

Fraudulent foreclosure practices, a.k.a. “robo-signing,” uncovered now nearly two years ago, opened a new wound in the foreclosure crisis that was in the process of healing. At big bank mortgage servicers and in courts in many states, the foreclosure process … Continue reading

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Strong Housing Numbers, Still Slow Recovery

The number of home buyers signing contracts to buy existing homes jumped nearly six percent in May to the highest level since April of 2010, according to a new report from the National Association of Realtors. Back then buyers were … Continue reading

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Homebuilders Get Boost, but Face Rocky Road

Sales of newly built homes in May hit the highest level in two years, and the median price of those homes was 5.6 percent higher than it was a year ago. The number of new homes now expected to sell … Continue reading

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