Sentences with phrase «as high foreclosure»

You know, nobody likes to be classified as a high foreclosure area.

Commissioner Stevens asserts that writing down mortgage loans to reflect current home values is important for boosting US housing markets; as long as high foreclosure rates and large numbers of bank - owned foreclosed properties are available, housing markets aren't likely to improve.

Unfortunately, the lower scores of African Americans and Latinos are not a surprise, both because of the legacy of discrimination and because these groups have been disproportionately affected by predatory credit practices such as the marketing of subprime mortgages, overpriced auto loans as well as higher foreclosure rates, all of which damage their credit history.

Not exact matches

The case advances as foreclosures remain near record highs as a result of the 2008 financial crisis, which was set off by a collapse in subprime real estate financing.

The real difference will be homeowners locked into more expensive mortgages, and banks or whoever owns the mortgages making even more money from the larger spreads as the cost of money drops, and more foreclosures occur because of the higher costs of carrying the loans.

Similarly, lower - tranche mortgage securities and CDOs (and increasingly the higher - rated ones) are facing disappointments in their payment streams due to mortgage foreclosures, while potential buyers of these securities require much higher risk premiums as compensation, which we observe as still lower prices for that mortgage debt.

On a similar note, foreclosures are reaching an all - time high in the Bronx, as we see an upsurge of foreclosed homes for sale.

He lists his platform priorities as holding banks responsible for «zombie» properties through the foreclosure process, providing high quality customer service for all residents, and improving public accessibility, particularly for those for disabilities.

For borrowers who don't put 20 % down — which is not a requirement — and are viewed by lenders as higher credit risk, mortgage insurers reduce or eliminate losses by providing protection to the lender in the event of a foreclosure.

When housing prices tank, everybody loses; the banks are exposed to higher risk of mortgage defaults, insurers start having to pay out more for «gas leaks» claiming over-leveraged homes, realtors starve because their commissions go down (even as foreclosures put more homes on the market) and people faced with financial uncertainty will stay put in their current homes instead of moving elsewhere.

That means if your credit report includes negative items — such as unpaid bills, foreclosures or even high debt levels — it could potentially prevent you from getting a job.

Factors that put you at risk are making an occasional late payment, living in a high foreclosure area, and / or carrying risky debts such as an interest - only mortgage.

Industry experts expected home values in San Diego to remain sluggish in 2010, as many Realtors continue to report that many inland areas in South and North County are experienced a reduction in home values due to the high gas prices and a significant increase in home foreclosures.

As FHA's mandated reserves drop to nearly nothing, and national unemployment figures remain at 10 %, lawmakers must find ways to stop the bleeding due to high rates of FHA loan foreclosures.

Criminals are gravitating to those distressed housing markets to employ foreclosure rescue schemes and other fraudulent plots such as «flopping» or selling homes at deflated short sale values then quickly selling it for a higher price, according to Interthinx,... View Article

Foreclosure If your home is under foreclosure, a lender will view this as a high risk factor.

During tough economic conditions such as housing market downturn or period of high unemployment, it may be necessary for home owners to look at various options to avoid foreclosure.

But perhaps the most significant variable at play is the fact that there is still a glut of distressed homes on the market â $ «particularly in areas such as Phoenix and Las Vegas â $ «and the high volume of sales of foreclosures has dragged down home values.

Some analysts are predicting a wave of foreclosures during 2010 - 2011, as historical data indicates that mortgage loans are most likely to fail during their second and third years, but FHA doesn't expect higher than normal foreclosures under current guidelines.

When debt was too high for cash flows from average American households to afford residential housing, the prices of housing began to fall, and the foreclosure process began, as foreclosures happen once someone is inverted on their mortgage.

The goal of the alliance is to provide foreclosure prevention counseling and to coordinate mortgage restructuring or «workouts» as increasing numbers of mortgages reset to higher payments.

However, foreclosures fall on a higher end budget for the banks and thus, banks avoid it as much as possible.

Ever since the Mortgage Bankers Association has been tracking foreclosure statistics, they have never been as high as in the last couple of years.

For one thing, these groups are already disproportionately affected by predatory credit practices, such as the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reportas the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reportAs a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reportas discussed in Section IV of this testimony, health care bills are another source of black marks on credit reports.

There are even some loans that can exceed 100 % of the LTV ratio, but most financial planners caution borrowers against this form of loan, as they come with a high possibility of foreclosure, and any interest on a balance that exceeds the home's value can not be tax - deductible.

New home foreclosures in the U.S. rose to a record high in the fourth quarter as borrowers with adjustable - rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said in a March 6 report.

The number of homes threatened by foreclosure today is estimated as high as 8 million, quadruple the number a year and a half ago.

«Senior - level associates with experience in high - demand specialties, such as corporate law, litigation, and foreclosure / insolvency, are in particularly strong demand and may receive multiple offers,» he said.

Protection of the practice and the doctor's association from any foreclosure could be an important and reachable aim when providing, as we do, high quality advice.

A foreclosure sale under a Deed of Trust does not have to follow the same procedures as a judicial foreclosure, which requires stricter parameters and a higher level of accountability; no judicial supervision is required for a foreclosure sale under a Deed of Trust in most states.

I was involved in a real estate transaction where my client was buying a foreclosure from a bank that purchased the property at auction as the high bidder.

As of the end of 2015, 49.7 percent of all homes in foreclosure had some equity, the highest percentage since RealtyTrac began tracking in Q3 2013.

In October, however, filings spiked 7 percent from the previous month, and the month - over-month activity was much higher in the housing markets of California, Nevada, Arizona, and Florida, where the downturn was sharpest, as well as in markets where the judicial process held up foreclosure sales.

For example the policies to make homes more affordable and to get as many people into homes has back fired as such policies drove prices higher and caused default resulting in fewer people owning homes as defaults and foreclosures increased.

Consideration of certain loan characteristics in the underwriting process, such as high debt - to - income ratios and a lack of financial reserves that can result in high rates of default and foreclosure.

Yesterday, Florida's foreclosure situation hit the national news again, as NPR picked up WUSF reporter Robin Sussingham's story, «Foreclosure Process Hammers Florida's Housing Market,» where the impact of Florida's judical process — and our state's judicial foreclosure system — is considered as a contributing factor to Florida having the highest foreclosure rate in the nation, -LSB-...]

The number of California homes selling for $ 2 million or more, for example, reached an all - time high in 2013, as the state rebounded from the foreclosure crisis.

The states with the highest portion of first - time home buyers ranked higher, as did states with lower foreclosure costs, with the former weighted at a two - to - one ratio to the latter.

As a means of supporting local housing markets that are depressed by high volumes of foreclosures, the REO - to - Rental initiative requires the properties to be rented...

Florida also had the highest foreclosure inventory as a percentage of all mortgaged homes with 7.1 % followed by New Jersey (6.7 percent), New York (4.9 percent), Maine (3.8 percent) and Connecticut (3.7 percent).

As many people are aware, Florida had a higher - than - normal share of foreclosures from the housing boom and subsequent crash.

«Based on the rise in pre-foreclosure sales we've seen so far this year, a higher percentage of these new foreclosure starts will likely end up as short sales or auction sales to third parties rather than bank repossessions going forward.

Researchers also have found a connection between rising foreclosures and an increase in medical visits for mental health, such as anxiety, or preventable conditions such as high blood pressure.

That's what I've been thinking about as I reflect on my year as president of the NATIONAL ASSOCIATION OF REALTORS ®, a year marked by high unemployment, tight lending, protracted short sales, and, most recently, foreclosure freezes by several lenders.

In terms of the effect on your credit history, a deed in lieu of foreclosure - where you voluntarily «give back» your property to the lender - or a short sale - when the lender agrees to write off a portion of the loan that is higher than the value of the home - is not as adverse as a forced foreclosure.

In terms of the effect on your credit history, a deed in lieu of foreclosure — where you voluntarily «give back» your property to the lender — or a short sale — when the lender agrees to write off a portion of the loan that is higher than the value of the home — is not as adverse as a forced foreclosure.

Not surprisingly, states with the highest foreclosure rates — such as Georgia, Colorado and Ohio — have an exceptionally high number of complaints for companies offering foreclosure rescue.

The highest foreclosure inventories as a percentage of all mortgaged homes were in New Jersey (5.5 percent), Florida (4.1 percent), and New York (4.1 percent).

Factors that can prevent someone from meeting the traditional criteria could be a high debt - to - income ratio, low reserves at settlement, as well as past credit woes — bankruptcies, defaults, foreclosures, or chronic late payments on debt obligations.

Florida had the third highest mortgage delinquency rate, the worst foreclosure inventory, and the most foreclosure starts in the nation as of the date of the Order.