Category Archives: Mortgage Markets

Upbeat Housing Reports

Two recent data points – existing home sales and mortgage debt outstanding – point to continued strength in the housing recovery. May total existing home sales, including single family homes, town houses and condominiums, were 5.35 million, up 5.1% and the highest figure since November 2009. Sales of single family homes were 4.73 million, 5.6% […]

Share of Underwater Loans Ticks Up

RealtyTrac®  reported today that the percentage U.S. residential properties that are seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — ticked up to 13.2% percent of all properties with a mortgage in the 2015 first quarter from 12.7% in the […]

Underwater Properties Decreasing as Equity Rises

RealtyTrac®  released today its U.S. Home Equity & Underwater Report for the fourth quarter of 2014, showing that at the end of the year there were 7,052,570 U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — representing […]

Foreclosure Activity Continues to Wind Down

RealtyTrac® (www.realtytrac.com), released its U.S. Foreclosure Market Report™ for April 2014 today showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 115,830 U.S. properties in April, a 1% decrease from the previous month and down 20% from April 2013. The report also shows one in every 1,137 U.S. housing […]

Housing Looking for Good Old Days

Rising Home Prices are boosting property taxes while mortgage lenders may be getting more generous. Bloomberg reports that property tax collections are rising at the fastest pace since the financial crisis with gains spread across the country. Among cities cited as enjoying renewed revenue gains were San Jose CA, Nashville TN, Houston TX and Washington […]

Housing and Bonds: Déjà vu All Over Again

Just when people thought we were safe from creative financing applied to bonds backed by homes, a new improved approach is about to surface.  The past year has seen an increase in buying homes for rent by private equity funds and others.  The private equity buyers are funded by their fund investors, much the same […]

Foreclosure Filings Drop 26% in 2013 to Lowest Annual Total Since 2007

RealtyTrac® released on January 16th its Year-End 2013 U.S. Foreclosure Market Report™ showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million […]

Got a Mortgage?

The New York Times has a long article in the January 15th Business Section on home buyer’s difficulties in finding a mortgage and the bank’s difficulties in earning a profit from offering mortgages.  For home buyers the issues are qualifying for a mortgage and the prospect of higher interest rates as the Fed backs away […]

Foreclosure Activity Drops 15% in November

RealtyTrac® released its U.S. Foreclosure Market Report™ for November showing  foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 113,454 U.S. properties in November, a 15 percent decrease from the previous month and a 37 percent decrease from a year ago. The report also shows one in every 1,155 U.S. housing […]

England, Housing and Economic Recovery

One argument in the debate over what caused the financial crisis is that since other countries including England had housing booms; Fannie Mae, Freddie Mac and mortgages securitization weren’t the only problems.  Recent news from England may make people reconsider a bit. The Bank  of England is curtailing its “Funding for Lending”  program and reducing […]

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