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Tag Archives: Loans
Foreclosure timelines now measured in years
Posted in Real Estate News
Tagged Bill Of Rights, Blecher, Foreclosure Process, Home Image, Judicial Foreclosure, Loans, Massachusetts, More Than Five Years, Mortgages, Nevada Legislation, Pipeline, President Herb, Processing Services, Real Estate, Reos, Senior Vice President, Three Times, Timeline, Timelines
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Mortgage Recovery Still Rocky
The trouble is, the banks are close to finishing their obligations under the settlement, and the largest, Bank of America, will not continue to offer principal reduction afterward. “The programs then going forward will provide for similar relief, but I … Continue reading
Posted in Denver Real Estate News
Tagged Bank Of America, Banks, Borrowers, Brian Moynihan, Ceo, Cnbc, Delinquency Rate, Diana Olick, Facebook, Foreclosure, Loan Delinquency, Loans, Mortgage, Principal Reduction, Processing Services, Rocky
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Bank of America Slashes $4.75 Billion Off Mortgages
As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief. The bank [BAC Loading… … Continue reading
Posted in Denver Real Estate News
Tagged Bank Of America, Bank Officials, Banks, Borrowers, Conference Call, Countrywide Financial, Financial Obligations, Foreclosure, Home Equity Loan, Ills, Loan Balances, Loans, Mandate, Monthly Mortgage Payments, Mortgage Interest Deductions, Mortgage Servicing, Mortgages, National Mortgage, Slashes, Unpaid Principal Balances
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New Housing Crisis: Not Enough to Buy
Sales of existing homes declined in May, according to a new report from the National Association of Realtors, not just because the overall housing market is struggling, but because there are simply not enough homes to buy. There are currently … Continue reading
Posted in Denver Real Estate News
Tagged Association Of Realtors, Backlog, Bump, Chief Economist, Delinquent Mortgages, Economist Lawrence, Existing Home, Foreclosed Properties, Foreclosure, Foreclosures, Freddie Mac, Homes To Buy, Housing Market, Inventories, Investor, Loans, Median Price, Mortgage Rates, National Association Of Realtors, Processing Services
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Lack of Distressed Supply Continues to Hit Home Sales
The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been. Depending on which survey you follow, sales of distressed … Continue reading
Posted in Denver Real Estate News
Tagged Association Of Realtors, Banks, Business Transaction, California Real Estate, Chief Economist, Contracts, Distressed Properties, Florida Foreclosures, Foreclosure, Investor Demand, Las Vegas, Loans, Mid West, National Association Of Realtors, Orange Country, Phoenix, Real Estate Agents, Southern California Real Estate, Timelines, Variability
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Yellowstone Club founder sues real estate consultant
DENVER – Real estate developer and Yellowstone Club founder Tim Blixseth is suing real estate consultant Cushman Wakefield in Denver federal court. The lawsuit, announced Thursday, accuses the company of working with Credit Suisse to overvalue properties at Montana’s exclusive … Continue reading
Posted in Denver Real Estate News
Tagged Allegations, Boise, Club Founder, Credit Suisse, Cushman Wakefield, Denver Real Estate, Developers, Estate Consultant, Fall Back, Loans, Mirrors, Montana, Plaintiff, Property Owners, Property Values, Real Estate Developer, Tim Blixseth, Yellowstone Club
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Yellowstone Club founder sues Cushman & Wakefield
DENVER—Real estate developer and Yellowstone Club founder Tim Blixseth is suing real estate consultant Cushman Wakefield in Denver federal court. The lawsuit, announced Thursday, accuses the company of working with Credit Suisse to overvalue properties at Montana’s exclusive Yellowstone Club. … Continue reading
Posted in Denver Real Estate News
Tagged Allegations, Amp, Bid, Boise, Club Founder, Credit Suisse, Cushman Wakefield, Denver Real Estate, Developers, Estate Consultant, Fall Back, Loans, Mirrors, Montana, Plaintiff, Property Owners, Property Values, Real Estate Developer, Tim Blixseth, Yellowstone Club
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Average Foreclosure Time Sets New Record
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been … Continue reading
Posted in Denver Real Estate News
Tagged 5 Months, Analytics, Backlog, Bank Repossessions, Discrepancy, Distressed Properties, Existing Home, Foreclosure Sales, Foreclosures, Inventories, Loans, Managing Director, Paperwork, Perpetuity, Processing Services, Processing Times, Scandal, Timelines
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Commercial Market Exceeds Forecasts
Meanwhile, mortgage defaults for office, retail, and industrial building loans are decreasing for the first time since 2005 in the fourth quarter. Real Capital Analytics economist Sam Chandan expects they will fall even further, adding that the “worst-case scenarios have … Continue reading
Posted in Denver Real Estate News
Tagged April, Chandan, Commercial Mortgage, Commercial Real Estate, Economist, First Quarter, Landlords, Loans, Mortgage Defaults, Usa Today, Vacancy Rates, Worst Case Scenarios
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Mortgage Delinquencies Turn a Corner
Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just before the recession began. Is it delays in paperwork … Continue reading
Posted in Denver Real Estate News
Tagged Brinkmann, Chief Economist, Delinquency Rate, Economy, Fha, Foreclosure, Fourth Quarter, Housing Boom, Insurance, Loans, Mortgage Bankers Association, Mortgage Delinquencies, Mortgage Market, Mortgage Payments, Mortgages, Paperwork Issues, Pipeline, Recession, Scandal, Unemployment Insurance
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