DSNews.com is reporting that home prices are going UP!! Read the full article below: “Thanks to an increase in springtime sales and the lasting residual effects of the federal homebuyer tax credit, U.S. home prices continued to increase in June, the San Diego-based real estate valuation firm Clear Capital reported ...
As a listing broker, I thought it would be helpful to provide an update on the local housing trends and economics. Here is an update for May/June 2010 to assist with evaluating our inventory for the Charlotte Metro Area: Articles/Press Releases: New Home Sales Plunge 33% Nationally in May The sales of new homes fell in ...
In a recent article, DSNews.com reported the trends of the Delinquencies and Foreclosures around the nation: “The seasonal improvement period for delinquencies and foreclosure inventories has come to a halt, according to an industry report released Thursday by Lender Processing Services (LPS). The Florida-based analytics firm’s monthly Mortgage Monitor report found ...
It’s been a year since the government’s Home Affordable Modification Program (HAMP) was implemented and only 170,207 troubled homeowners have received permanent loan restructurings. The number of modifications in thepermanent column did increase 45 percent from 116,297 in January, but it’s still a mere drop in the bucket when you ...
As one of the nation’s largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn’t seem to be abating, despitestepped up mitigation efforts and government relief programs. On Thursday, the company announced a new pilot initiative that will allow distressed CitiMortgage borrowers to avoid foreclosure ...
One of America’s largest homebuilders is getting into the loan restructuring business. Lennar Corporation said Wednesday that it has purchased two loan portfolios from the FDIC with a combined unpaid balance of $3.05 billion. Lennar paid $243 million for the portfolios, which include 5,500 distressed residential and commercial real estate ...
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