Sentences with phrase «rising home foreclosures»

Some market watchers buy that line, noting the two firms have used only about a quarter of the US$ 400 billion put at their disposal after Washington seized them in September 2008 due to losses from rising home foreclosures and falling home values.

Not exact matches

Rising prices, whether for homes in general or foreclosures alone, contributed to the declining in investor market share.

Risky mortgage loans, rapidly declining home prices, and rising unemployment forced many Washington, D.C. homeowners into foreclosure during the late 2000s.

Spitzer and Cuomo announced key initiatives that their respective offices are taking to address the rising rate of home foreclosures.

In a press release on April 11, Schneiderman announced that $ 20 million of funds from settlements with Goldman Sachs and Morgan Stanley would be used «to provide local governments with innovative technology to address and transform problem properties — including homes and buildings that are blighted, poorly maintained, vacant, abandoned, and in financial distress — that fell into disrepair following the foreclosure crisis,» as part of a program called Cities for Responsible Investment and Strategic Enforcement, or Cities RISE.

Rising unemployment rates, falling home sales, a skyrocketing number of foreclosures and sagging retail sales paint a grim picture of how the borough is being affected by...

Even though RealtyTrac Inc. reports foreclosure starts numbered 747,728 in 2013, down 33 % from the previous year — with mortgage delinquencies less common amid steady job growth and rising home prices — the environment has limited improvement.

Countrywide, based in Calabasas, California, reported a first - quarter loss of $ 893 million earlier this month, its third straight quarterly loss, as late mortgage payments and home foreclosures rose.

For one, rising home prices, rising mortgage rates, and fewer foreclosures, have helped reduce the «affordability» of for - sale real estate.

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Although the foreclosure rate rose drastically in the mid-2000s, and the number of younger Americans buying a home has steadily declined in recent years, the American rate of homeownership remains at roughly 65 percent.

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A main reason for the rise in foreclosures is due to mortgage lenders doling out subprime mortgage home loans with adjustable rate features based on the borrowers» ability pay the mortgage on the low introductory interest rate, not the future reset mortgage rate.

«In the first quarter survey many real estate professionals expressed concern over five factors that could potentially impact home prices adversely: rising interest rates, expiration of the home buyer tax credit, persistent unemployment, continued foreclosures and the release of shadow inventory held by the banks,» said HomeGain General Manager Louis Cammarosano.

With a foreclosure rate that has risen consistently for several years, the government has established programs to help people with bad debt refinance their homes.

Unemployment: Celia Chen, an economist at Moody's Economy.com said, the erosion of the labor market — the unemployment rate recently hit 9.5 percent — is the key factor in the rise of home foreclosures, says «Employers continue to shed jobs, and that makes it difficult for even people with good credit who were doing fine to keep up with their mortgage payment,» Chen says.

Most home loan lenders mostly decline to comment but Corey's lender, BB&T did indicate it was pursuing more deficiency judgments «They follow the rise and fall of home foreclosures,» said the spokeswoman, who would not discuss Corey's account.

About 1 million borrowers who went through foreclosure during the crisis have already waited the required three years to be eligible for FHA home loans, and by early next year that number could rise to 1.5 million, according to estimates from Moody's Analytics.

The Obama administration announced new home loan guidelines for its foreclosure - prevention program aimed at offering mortgage relief for borrowers who have a high interest rate equity loan that they have been unable to refinance because of lack of equity or late payments since their second mortgage rate rose after becoming adjustable.

According to Lawrence Yun, chief economist of the Realtors» group, the number of home foreclosures may rise to 2.5 million this year and that would be the highest since keeping records of home loan defaults.

Many of these homeowners had good credit records and a strong history of on - time, in - full payments prior to their foreclosures, but lost their homes due to the financial meltdown when they lost their jobs or their monthly mortgage payments rose due to adjustable mortgage rates (ARMs).

According to a recent report highlighting to projections by Credit Suisse with household incomes decreasing, unemployment is rising and all signs point towards continued economic failures blobally, more than 8 million homeowners could lose their homes to foreclosure over the next four years.

Much of the improvement comes from rising home prices, though foreclosures and short sales have contributed some to the decline.

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.

Around that time, national house prices and home construction began rising, home construction rose off its lows, and foreclosure rates resumed falling from recession highs.

Nancy Allen, president - elect of the Pen - Mar Regional Association of Realtors, says that inventory has risen in Hagerstown, with foreclosures still coming to market and competing with traditional home sellers for limited buyers (more than half of the homes in Hagerstown are rental units).

A major fear among politicians is that rising foreclosures will drag down the value of all homes.

A recent New York Times article states that «animal shelters have reported a steep rise in the number of cats and dogs being surrendered as owners face unemployment, home foreclosures, evictions and other financial hardships.»

And the number is rising as animals fall victim to home foreclosures, family job losses and tightening budgets.

Activist Scott Parking wrote, «Midwest Rising was a convergence for climate and economic justice that brought together a diverse coalition of groups fighting home foreclosures in cities like Chicago, St. Louis and Pittsburgh, communications workers on strike against Verizon Wireless, local labor organizers, Appalachian activists fighting mountaintop removal and climate justice activists from around the world.»

What with high unemployment, home foreclosures, rising fuel prices, and a volatile stock market casting a pall of pessimism over us all.

Rising delinquencies and looming foreclosures could flood the market with additional inventory, causing another 5 percent to 7 percent decline in home prices in 2011.

«The combination of rapidly rising home prices — along with strong demand from institutional investors and other cash buyers able to buy at the public foreclosure auction or an as - is REO home — means short sales are becoming less favorable for lenders.»

Existing - home sales and new home sales are strengthening, inventories are rising, and foreclosures are falling, according to the report.

Foreclosures are continuing a steady fall, as home prices rise and the housing market picks up nationwide.

Despite falling foreclosures and rising home prices, institutional investor purchases remain high.

This, coupled with the foreclosure crisis turning millions of homeowners into renters, is a big reason why demand for single - family rental homes has risen over the last few years.»

«When the market crashed, many families lost homes they owned during the foreclosure crisis, and now may not be able to afford to buy another as home prices rise,» Gudell says.

In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.

This past year marked a transitional period in housing as the market moved through quickly escalating prices to a sustainable, long - term recovery, comprised of reduced delinquencies and foreclosure starts as well as rising home values.

The program is designed to provide relief to homeowners in danger of foreclosure due to unaffordable or rising monthly payments by giving lenders incentive to refinance homes that may be currently valued to more than 20 % less than the original home valuation.

The misdirected response of the federal government, making it harder to buy a home, allowed inventories to rise sharply, putting further downward pressure on values, thereby causing more foreclosures.

Tight inventories driven by negative equity and slow foreclosure processing and rising prices are having much less impact on luxury homes than on less expensive homes.

According to FNC's Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying home values are rising.

Fewer foreclosures and rising home prices have combined to reduce inventory to an estimated 1.3 million fewer homes on the market than two years ago, according to YCharts, a leading provider of investment research tools.

They estimate that the typical neighborhood experienced 4.5 foreclosures per 100 homes during the crisis, but the figure rises to 8.1 and 6.2 homes in predominately black and Latino areas, respectively, while white neighborhoods lost only 2.3 homes on average.

While NAR concurs that home values are rising, about 22 percent of home sales were foreclosures and short sales, which sold for deep discounts.

There are only 18 foreclosures and 22 short sales available to purchase today in all of Orange County, that's 40 total distressed homes on the active market, rising by only one in the past two weeks.

As prices fell in response to the rising number of foreclosure resales, investors bought many of these bargain homes with the intent of renting them.

Prices are rising in virtually every market and every category of homes, and delinquency and foreclosure rates continue to fall.