Freddie Mac: Mortgage rates posts little change Freddie mac: brexit drives Rates Down, Refi Up July 25, 2016 By Justin McHood Brexit has played a major role in lowering mortgage rates, which is expected to boost U.S. housing activity particularly refinancing, Freddie Mac said in an outlook for the month of July.
Total existing-home sales 1, https://www.nar.realtor. purchased 13 percent of homes in December, the same as November but down from a year ago (16 percent). Distressed sales 5 – foreclosures and.
U.S. Real Estate Trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.
El Paso County’s foreclosure filings actually increased by 110% between 2013 and 2012. El Paso County’s home sales increased by 1% during this time period as well. El Paso is the county seat. The population of El Paso is 827, 398. Median household income is $31, 051.
Fannie Mae sells off $26 million in NPLs to nonprofit Fannie Mae’s fellow government-sponsored enterprise announced a NPL sale of its own on Friday. Freddie Mac said Friday that it is planning to sell off $759 million non-performing loans in its first NPL sale of 2017. According to Freddie Mac, the NPLs are currently serviced by Nationstar Mortgage or Specialized Loan Servicing.MountainView IPS appoints Christopher Kennedy managing director Foreclosure shadow inventory will take more than 40 months to clear: Fitch Home Sales: Shadow Inventory to Linger. With around 7 million homes lurking in the wings on the verge of foreclosure, the inventory of homes waiting to be sold could take more than 40 months to.
Foreclosure-related sales made up about 21% of all U.S. residential sales last year, down from 23% in the prior year, but much greater than about 1% in 2005. Meanwhile, properties sold as short sales.
In a short sale, the homeowner puts the house on the market with a realtor. It is handled like any other home sale. Once the homeowner has accepted an offer, it must also be accepted by the bank. It can take anywhere from 3 to 6 months for a short sale to close, and its success is not guaranteed.
Florida law firms scrutinized in robo-signing scandal Fed Beige Book: Economic activity expanded in March, housing results mixed Overall economic activity expanded at a moderate pace in March, although more modest growth was reported across a few District sectors. consumer spending, energy, and manufacturing activity increased at a moderate pace, while district real estate and business services firms reported a modest pace of growth.The attorneys and law firms who oversee foreclosure proceedings on behalf of the trusts are engaged by loan servicers rather than the trustee. loan servicers are obligated to adhere to all legal requirements, and Deutsche Bank, as trustee, has consistently informed servicers that they are required to execute these actions in a proper and timely manner," said Deutsche Bank spokesman John Gallagher.
Plainfield, NJ short sale listings available in NJ. Find the best deals on the market in Plainfield, NJ and buy a property up to 50 percent below market value. Shop around and act fast on a new real estate investment in your area.
· Prices are going up, houses are selling faster, and foreclosures are becoming harder to buy. Less distressed housing inventory brings the next challenge for real estate investors–finding and buying cheap houses. One source of distressed housing appears to remain strong, and that is short sales. But short sales can turn bad and ugly..
· And yes, you can sometimes get a property at a steal in foreclosure or a short sale but that has nothing to do with 1%. If the market for that home in LA had a short sale for $500K and the market was $700K – you’re telling me you wouldn’t snatch it up because it didn’t meet the 1% rule? Of course not, a bargain is a bargain and ignore 1%.
Consumer confidence hits six-month low S&P: Banks face $104bn liability on mortgage cases That talk about the JPMorgan Chase & Co (JPM) settlement being the end of the road? Think again. credit rating agency Standard & Poor’s said today that they expect U.S. Banks will have to pay between.THE Ratchaprasong bombing, a dropping SET Index, and the sluggish economic growth in China beat down Thai consumer confidence to a 15-month low in August, with confidence in travel, investment and.
All major regions except for the Midwest saw sales gains last month. Total existing-home sales 1. in December and considerably more a year ago (64 days). Short sales were on the market the longest.
Aimco on legal war path, taking on Airbnb in Florida Former Fannie execs denied dismissal of subprime fraud suit But the judge largely denied a motion to dismiss the suit against Countrywide. The judge also dismissed claims against former Countrywide co-founder Angelo Mozilo and former executives David Sambol. Former freddie mac ceo richard Syron and two other former executives from the GSE have agreed to a settlement with the U.S. Securities and exchange commission (sec ) to resolve claims of fraud.