· Housing Wire – “Foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance” (11-22-10) “Servicing problems disrupted both short sales and REO sales. survey results show that 24% of closings scheduled for October were delayed or canceled due to issues with short sales, while 12% were delayed or canceled due to REO title.
Trulia report shows buying cheaper than renting in most major metro areas Goldman Sachs legal costs could lift amid mortgage investigations Funding for affordable housing in region doubles under home loan bank program – Four Texas groups, including nonprofits and a housing authority, have been awarded $2.3 million by the Federal Home Loan Bank of Dallas to build or rehabilitate 556 housing units over the next three.. There are many different types of home loans available to you. U.S. Bank understands that buying a home is one of. · The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States.
– What’s more, buyers of distressed properties have become gun shy due to the foreclosure processing problems, according to a Campbell/Inside Mortgage Finance survey of real estate agents. The poll found 14 percent of owner-occupant homebuyers and 6 percent of investors refused to view foreclosed properties in October.
· Homebuyer traffic nationwide tumbled in May, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. Most of the decline was attributable to first-time homebuyers who sharply reduced their home shopping last month.
· A whopping 46% of homes sold in November were either short sales or REOs – as homes repossessed by lenders are called, according to a survey by Campbell/Inside Mortgage Finance. One problem: Distressed homes sell for a lot less than homes sold by conventional sellers.
HousingWire News Podcast: Blend bridges the digital lending gap Former MBA Chairman David Kittle joins ComplianceEase The cooperative is managed by its founding members: John Robbins, CMB; David Kittle, CMB, Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, the former chair of the Asian Real Estate Association of America (AREAA).Zillow launches new premier agent app for mobile devices Comcast and HUD provide low-cost Internet to Miami-Dade public housing today, the Secretary of the U.S. Department of Housing and Urban Development, Julin Castro, and I announced a significant, national effort to help close the digital divide for low-income Americans.CFPB: We’re working to make new HMDA implementation easier Father of securitization doubts easy return to private mortgage bonds Nonconforming residential mortgage-backed securities.. In contrast, many types of loans to small businesses are routinely securitized in the private market, so the. the risk of the underlying loans may find the risk-return profile of the. investors might doubt the protection levels in other asset classes,The CFPB should work to implement a universal loan identifier to link all mortgage-related public databases, improve HMDA data by implementing the Dodd-Frank Act and our additional recommendations, and work with the Federal financial institutions examination Council (FFIEC) to ensure that HMDA data are easily accessible to the public.
Bits Bucket for April 26, 2011. Post off-topic ideas, links, and Craigslist finds here.. another survey from Campbell/Inside Mortgage Finance finds nearly half of all homes on the market are distressed. Short sales are “booming” according to the same report up to nearly 20 percent of sales.. the house is sold and the mortgage is paid.
Pennsylvania mortgage foreclosure diversion program benefits servicers Retail home sale prices 88% higher than California REO Double Take: JPMorgan Quietly Raising $6 Billion Freddie Mac Will Buy Out 120-Day Delinquent Mortgages Reason Why banks sell mortgage loans – Credit Info Center – · The secondary mortgage market exists as a source of money for banks to lend out to home buyers in every state. This is done in two ways: pay cash for mortgages that purchased from lenders and hold those mortgages in Fannie Mae’s investment portfolio. The lenders, in turn can use that money to make more mortgages for more home buyers.JPMorgan could make Bear Stearns building its new HQ – JPMorgan could make Bear Stearns building its new HQ. it could sell the Bear Stearns building for up to $1.2 billion or even back out of. That 92-year lease called for JP Morgan Chase to.GSE reform captures political attention What Were Politics Like During the Renaissance? The Renaissance is historically notorious for its violent, divisive and often treacherous brand of politics. This was especially the case in Italy, where city-states were often ruled by powerful families or political factions, rather than by all-powerful kings.The foreclosures are not unexpected, given the collapse of the real estate market. The combination of fewer people buying homes, residential developers stuck with large inventories and declines in.The Washington County Court of Common Pleas Mortgage Foreclosure Court began in May 2009 with the assistance of the Southwestern Pennsylvania Legal Services, Inc. The program requires plaintiffs in mortgage foreclosure cases to notify defendants of owner-occupied residences of the possibility of participation in this program.
In the wake of the U.S. foreclosure crisis, the magnitude of homes flowing into investor ownership since 2007 has been unprecedented. Based on interviews with investors and other key informants active on the south and southwest sides of Atlanta, we describe the key aspects of the business models of such investors, including their methods of identifying properties, determining acquisition.
February 5, 2012. Bits Bucket for February 5, 2012. Post off-topic ideas, links, and Craigslist finds here. Posted By: Ben Jones @ 12:42 am RSS feed.
As the housing market continues to show improved signs of strength, many first-time home buyers are failing to benefit from the broader recovery. The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released last week, found that first-time home buyers were purchasing only 34.7 percent of the homes sold in October.