While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months — without resorting to a short sale. Read More »

For the past six years, mortgage delinquencies, often a result of homeowners losing their jobs, created employment among mortgage servicers who process delinquencies and defaults. Now the shoe is on the other foot as declining numbers of delinquencies are costing lenders jobs. Read More »

Florida, California, New York, Illinois and New Jersey were home to four out of ten distressed properties in the nation in January, an indication of how far east America’s foreclosure nightmare has moved Read More »

While the rest of the nation’s housing markets experience various levels of recovery, most markets in Florida seem to be relapsing to the heyday of the Foreclosure Era after a brief period of improvement. Read More »

RealtyTrac reported today 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010. Read More »

The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment. Read More »

Despite a shortage of lower priced homes in markets across the country, the huge foreclosure inventory refused to decline in June, raising renewed fears that the overhang of discounted properties will put downward pressure on home prices. Read More »

New delinquencies and foreclosure starts continued to fall in January, but increases in foreclosure processing and sales were not enough to offset swelling foreclosure inventories or lengthening foreclosure timelines. In fact, the average loan in foreclosure has not made a payment in over 500 days, according to Lender Processor Services’ February Mortgage Monitor report. Read More »

In its second quarter report, Fannie Mae confirmed what others have previously reported: since the first of the year, serious mortgage delinquency rates have slowly but steadily declined. Read More »

Home prices will fall another 10 percent before they stabilize in the second half of next year, Roelof Slump, Managing Director of Structured Finance Experts for Fitch Ratings told investors Thursday. Read More »