Home » Archives
Mortgage Delinquencies Are Still Rising, More Foreclosures to Come in 2010
Written on 18 Nov, 2009 at 18:30 in Blog | viewed 70 views times and users have made 0 comments so far
Mortgage delinquencies rose for the 11th straight month, reaching 6.25 percent in the third quarter from 3.96 percent a year earlier and 5.81 percent in the second quarter, according to the credit management company TransUnion. “Until the housing market can consistently... (Continue reading)
Fannie Mae Announces Deed for Lease Program
Written on 11 Nov, 2009 at 18:36 in News | viewed 106 views times and users have made 0 comments so far
WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)
$8,000 homebuyers tax credit extended
Written on 6 Nov, 2009 at 14:45 in Blog | viewed 60 views times and users have made 0 comments so far
President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes. NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the... (Continue reading)
Senate May Approve Tax Credit Wednesday
Written on 4 Nov, 2009 at 12:52 in Blog | viewed 71 views times and users have made 0 comments so far
The U.S. House and Senate are close to an agreement to extend the home buyer tax credit due to expire at the end of this month. The Senate is expected to vote Wednesday while the House could approve it later in... (Continue reading)
More Foreclosures to COME!
Written on 22 Oct, 2009 at 18:42 in Blog | viewed 88 views times and users have made 0 comments so far
Housing inventory is likely to continue increasing in 28 key metro areas, according to the Wall Street Journals’ quarterly survey of housing data. Areas where the number of foreclosed homes is likely to contribute the most to the inventory of available... (Continue reading)
SoCal home sales up, prices hold steady
Written on 14 Oct, 2009 at 7:29 in News | viewed 102 views times and users have made 0 comments so far
Southern California home sales rose unexpectedly last month as price declines moderated, MDA DataQuick reported Tuesday. There were 21,539 sales in the six-county region, including San Diego, up slightly from August’s 21,502, as low rates, federal tax credits and delayed closings... (Continue reading)
Foreclosure Rate Rises 17 Percent
Written on 2 Oct, 2009 at 7:59 in Blog | viewed 77 views times and users have made 0 comments so far
The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday. Completed foreclosures... (Continue reading)
High credit scorers more likely to cut losses and halt payments
Written on 25 Sep, 2009 at 8:02 in Blog | viewed 94 views times and users have made 0 comments so far
WASHINGTON — Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores? It’s probably not who you think. New research using 24 million individual credit files has... (Continue reading)
BULK REO TAPE
Written on 17 Sep, 2009 at 18:21 in Blog | viewed 210 views times and users have made 0 comments so far
Tired of the hastle of buying REO in auctions or contacting asset managers, try a NEW WAY of buying REO properties. Got to the website below and enter Access Code: Producer and learn a new way of buying REO. http://socal.propertytapes.com/ Access Code: producer Please... (Continue reading)
More Waiting in Store Before Prices Head Up
Written on 10 Sep, 2009 at 12:07 in News | viewed 100 views times and users have made 0 comments so far
Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas. But... (Continue reading)