Despite the attraction of white, sandy beaches and warm weather, home sales in the state of Florida were significantly down in November of 2007 when compared to the number of existing-home sales recorded in November of last year.
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With undetected risk in mortgage backed-securities (MBS) remaining a concern nationwide, a company has stepped forward claiming it has the technology to accurately assess these hidden dangers.
The company—New York-based Daylight Forensic & Advisory LLC firm specializing in fraud risk management, officially introduced its new proprietary software this week.
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Single-family home sales in the United States declined 34.4-percent in the month of November when compared to the same period last year, according to a new joint-report from the U.S. Census Bureau and the U.
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Linda Dzierba with Dzierba Real Estate in Bloomington, Indiana, learned the hard way that you should always listen to your gut in the REO business.
She vividly remembers a time when she had just completed a cash-for-keys on a particular property.
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A new survey conducted by the Turnaround Management Association (TMA) indicates that most survey respondents believe the housing sector—particularly homebuilders— will face the most turmoil in 2008.
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Standard & Poor’s shared less-than-optimistic news with homeowners this week when the latest S&P/Case-Shiller® Home Price Indices report showed home prices dropping significantly in the company’s latest October report.
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NeighborWorks® America national association dedicated to the promotion of homeownership and the creation of affordable housing nationwide—said Thursday that it now has $180 million in appropriated funds for the purpose of preventing foreclosures nationwide.
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Waterbury, Connecticut-based Webster Bank, which is a subsidiary of Webster Financial Corp., announced this week that it’s helping the New England state move at-risk borrowers into more stable, fixed-rate mortgages.
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The Mortgage Bankers Association has released a report saying the number of new mortgage loan and refinancing applications filed in the United States fell during the week ending December 21, 2007.
According to the latest MBA Weekly Mortgage Application Survey—which measures the mortgage loan application volume nationwide—the Market Composite Index fell 7.
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Banking platforms-Citigroup Inc., JPMorgan Chase & Co. and Merrill Lynch & Co.- are potentially facing billions of dollars in additional write downs in securities because of troubles associated with the subprime mortgage market, according to a report from Bloomberg News.
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Lender Ameriquest Mortgage Co. has paid out $18 million in restitution to New York borrowers in an effort to settle with the New York Attorney General’s Office over allegations that the lender engaged borrowers using unethical lending practices.
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Calabasas, California-based lender Countrywide Financial Corp. has partnered with the Association of Community Organizations for Reform Now (ACORN) in an effort to create home retention programs for struggling borrowers.
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The Mortgage Bankers Association (MBA) released its Subprime Mortgage Originations Survey this week, which shows the percentage of subprime loans featuring a fixed-rate grew during the first half of 2007 while adjustable rate mortgages decreased.
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NERA Economic Consulting international group of economists who offer economic analysis to the business and legal communities—said this week that when compared to last year, the number of federal class action lawsuits in the United States increased significantly in 2007.
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Five banks are working alongside the Federal Reserve Bank of Boston to help subprime borrowers in New England—who have solid mortgage payment histories—but still remain at-risk of losing their homes because of the rising rates on adjustable-rate mortgages.
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Working in the REO-side of the real estate business has its not-so-grand moments. But, luckily, good fortune has a way of making some of the most helpless cases turn into fond memories for agents and homeowners alike.
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First American LoanPerformance, a part of The First American Corp. family of companies, released its October 2007 LoanPerformance Home Price Index Thursday, which says 21 states have experienced negative home price appreciation within the past 12 months.
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Atlanta, Georgia-based Equifax Inc. is introducing lenders to a solution that’s designed to help them determine if certain borrowers are qualified for loss mitigation measures established by the new HOPE NOW alliance.
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Bank of America said Thursday that it will help distressed homeowners and new borrowers in the city of Chicago by applying $5 million in grants to local issues like homeownership preservation and affordable housing initiatives.
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Senior economists with Wells Fargo say the current credit crunch in the mortgage market is unlikely to trigger a recession next year. To support this hypothesis, they point to the nation’s healthy growth in exports, as well as its strong employment figures and consumer spending.
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