Sentences with phrase «with foreclosure inventories»

The foreclosure picture is improving across the country, particularly in these states with foreclosure inventories below 0.7 percent.

By the end of May, the number of mortgages that were 90 or more days delinquent, combined with the foreclosure inventory, outpaced foreclosure sales by 50:1, Lender Processing Services Inc. reports.

Not exact matches

By letting qualified borrowers into the program — borrowers with smaller loan amounts and lower monthly payments than they now face — we should be able to reduce foreclosure levels and thus the inventory of unsold homes which is holding down home prices.

That said, the reason I would give us a B and not a C or D is because we said the aftermath of the housing bubble would be with us for years and there would be millions of foreclosures that would have to come through the pipeline to get to normal inventory levels.

While foreclosure inventory continues to decline, there are still 1.3 million homes with mortgage payments that are 90 days past due.

Filed Under: Mortgage Rates Tagged with: distressed property, epic failure, foreclosure, Mortgage, Mortgage Rates, reo, shadow inventory, Total Mortgage

Total delinquent and foreclosure inventories remain at historically elevated levels, with Jumbo and Agency prime product experiencing the greatest percentage increase since January 2008.

«Compared with the fourth quarter of 2008, the foreclosure inventory rate increased 143 basis points for prime loans, 187 basis points for subprime loans, 114 basis points for FHA loans and 80 basis points for VA loans,» says the MBA.

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).

So Jones, who first got involved with foreclosures five years ago, was poised for action when inventories of so - called real estate — owned properties began to escalate over the past 12 months.

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.

«We've been looking at entering the Chicago market for a while given its high foreclosure volume and robust demand for single - family rentals, but we didn't want to partner with a firm just because it had a large amount of inventory — it had to be the right inventory,» he said.

With heavy demand and dwindling inventories, there is only 1.5 months of lender - owned foreclosure supply remaining.

As of May, the foreclosure inventory represented 2.6 percent of all homes with a mortgage — down from 3.5 percent a year prior.

«We continue to see a sharp drop in foreclosures around the country and, with it, a decrease in the size of the shadow inventory,» says Anand Nallathambi, president and CEO of CoreLogic.

Here are nine states with the lowest foreclosure inventories in the country, all of which are less than 0.7 percent:

The foreclosure picture continues to show year - over-year improvement, with delinquencies down and foreclosure inventories falling, according to a report of February data from Lender Processing Services (LPS), which provides technology and data for the mortgage and real estate industries.

«In some areas we're hearing about shortages of foreclosure inventory in the lower price ranges with multiple bidding on the more desirable properties,» Yun said.

At the state of the real estate industry session, leading brokers reflected on the shadow inventory of millions of houses that are one month or more in arrears with their mortgages and not yet into the foreclosure inventory — yikes.

There were approximately 1.2 million homes in some stage of foreclosure (the foreclosure inventory) in November, about 3.0 percent of all homes with a mortgage.

Filed Under: Market Trends Tagged With: cooling market, El Dorado County, FHA, foreclosures, Home Appraiser, House Appraiser, inventory, market trends in Sacramento, Placer County, prices, Sacramento County, sacramento housing market, sacramento regional housing market, sales volume, Short Sales, Yolo County

Comments Off on July 2013 CoreLogic Report Shows Florida No. 1 in the USA for Foreclosures and Foreclosure Inventory with Florida Homeowners Facing Foreclosure Having Even Bigger Fight on Their Hands.

Unlike foreclosures or short sale listings, well priced inventory homes are plentiful so the investor can focus on which asset offers the best package of location, price, amenities and incentives, instead of getting into an ego war with twelve other bidders.

CoreLogic's October National Foreclosure Report studied completed foreclosures and the «foreclosure inventory» across the country for a one year period, comparing October 2013 with October 2012.

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).

Dimon said that by making fewer FHA loans, the bank has helped reduce its foreclosure inventory by more than 80 %, adding that the bank is negotiating with Fannie Mae and Freddie Mac to have any delinquent mortgages that insured by Fannie and Freddie to be serviced by them as well.

While we want to position ourselves as thought and industry leaders, we have learned that posting about mortgage rates, foreclosure rates and local inventory levels is a bore, so we intertwine this information with photographs, videos, agent interviews, recipes and holiday decorating tips.

The metro with the lowest score was McAllen, Texas, with a 12 - month supply of foreclosure inventory, foreclosure sales accounting for 7 percent of all sales, an average foreclosure discount of 21 percent, and a 66 percent decrease in foreclosure activity in 2012 compared to 2011.

«Clearly, more decisive actions are needed to increase refinancing opportunities, to reduce the inventory of foreclosed homes and to prevent additional homes from going into foreclosure,» stated Nielsen, who says that the NAHB looks forward to working with the Administration and Congress to find constructive solutions in these areas as soon as possible.

Topping the list of best places to buy foreclosures in 2013 was the Palm Bay - Melbourne - Titusville metro area in Florida with a total score of 394: 34 months» supply of inventory, foreclosure sales representing 24 percent of all sales, average foreclosure discount of 28 percent, and a 308 percent increase in foreclosure activity in 2012 compared to 2011.

The Top 3 According to RealtyTrac May 2011 data, here are the top three cities with the highest foreclosure inventories: 1.

Nationally, the foreclosure inventory made up 1.6 percent of all homes with a mortgage, but some states are dealing with higher levels.

Given record inventories and continued high foreclosure levels, home prices will bounce along the bottom for a while, at least according to the crystal ball wielded by David Berson, chief economist with mortgage insurers PMI Group.

«Also, shadow inventory remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines,» he says.

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

With banks less willing to postpone foreclosure dates, we anticipate an increase of bank owned inventory, at least in the short term.»