There were 48,000 completed foreclosures in the U.S. in October 2013, down from 68,000 in October 2012, a year-over-year decrease of 30 percent. On a month-over-month basis, completed foreclosures have decreased 25.6 percent, from 64,000 reported in September, according to CoreLogic. Read More »
Foreclosure Situation
Concern Grows that Aging Home Equity Loans Threaten New ‘Wave of Disaster’
Nearly half of the nation’s outstanding second lien home equity lines of credit (HELOC) will amortize over the next several years, raising monthly payments and increasing the risk of a rash of new delinquencies that could result in new defaults and foreclosures. Read More »
Investors’ Market Share Rises as Foreclosures Fade
Despite a seasonal slowdown in activity, the housing market continued to post some interesting metrics in October, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Foreclosures Tick Up as Lenders Clean House
October foreclosure filings rose 2 percent increase from September but were down 28 percent decrease from a year ago, according to RealtyTrac. The report also shows one in every 978 U.S. housing units with a foreclosure filing during the month. Read More »
Boomerang Buyers Can’t Get a Loan
A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can’t shake the homeownership bug, Now that the housing sector is recovering, many of these “Boomerang Buyers” are back in the market but many are failing to get financing. Read More »
First Rental-backed Security Reaches the Market
Blackstone began marketing the first-ever US home-rental asset-backed security on Wednesday, with some 300 potential investors expected in New York to peruse the nearly $480 million deal. Read More »
New York Foreclosures Soar a Year After Sandy
One year after Hurricane Sandy made landfall on the U.S. eastern seaboard, RealtyTrac today reported that foreclosure activity in the first nine months of 2013 is up 33 percent compared to the first nine months of 2012 in the 7-county region including the five boroughs of New York and Long Island. Read More »
Investors Have Doubled Purchases Over 2012
Though most observers forecast rising home prices would drive investors out of the market for single family rentals, that fact is that to date investors have purchased more homes than they did in all of 2012 or 2011. Read More »
September Demand Was Strong Despite Rate Hikes
Despite fears that higher mortgage rates could cripple a recovering housing market, the vital signs for housing remained remarkably good in September, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Foreclosure Starts Rise in 11 States
Thought foreclosures were dead? Not quite. Hallowe’en must be coming because foreclosure filings rose 2 percent in September and new foreclosures are rising from the grave in 11 states. Read More »