foreclosure: Mortgage lender "walkaways" the latest scheme - Las Vegas mortgage borrowers take note - 11/12/09 10:59 PM
The real estate meltdown that continues to churn on has already seen some vein-popping scenarios concocted by many mortgage banks seeking to take advantage of homeowners facing foreclosure. And new ones keep surfacing. One of the latest creations could be called a home loan provider "walkaway", because that's what it really … (6 comments)
|
foreclosure: Southern Nevada - Las Vegas, Henderson, Summerlin - housing stats on the mend in October - 11/10/09 04:47 PM
Las Vegas real estate has recently been the punching bag of many industry observers and for a good reason. Mortgage foreclosure rate here is still reaching for the moon, housing inventory remains high and the economic picture is painted in dark colors. True, mortgage rates are enticing and home prices have plunged … (10 comments)
|
foreclosure: Southern Highlands - Las Vegas NV - mortgage recipients have new foreclosure defense weapon - 11/07/09 10:25 PM
Southern Nevada - with communities of Henderson, Anthem, Summerlin, Green Valley, Silverado Ranch and Mountains Edge - is in the very eye of the tornado when it comes to real estate markets sucked into its furious spin. Home loan foreclosures here are now as commonly talked about as the weather. Many … (4 comments)
|
foreclosure: Mortgage lenders now more inclined to lower principal - 10/03/09 06:47 PM
The home loan industry has been steadily resisting giving homeowners any principal reduction breaks throughout this real estate inferno.The government has been all over it to do mortgage modifications at a reasonable clip in an effort to keep the foreclosure epidemic from getting out of control. The banks have been slow … (62 comments)
|
foreclosure: Fannie Mae accelerates mortgage buying process - 09/12/09 06:33 PM
The mortgage industry could use some good news for a change and it's getting a little bit of it from Fannie Mae, the GSE, or government-sponsored enterprise, which buys mortgage-backed securities on the secondary market. Its actions bring crucial liquidity to the vast home loan sector. Life hasn't been easy for … (18 comments)
|
foreclosure: Freddie Mac launches sales promotion of homes it owns - 07/27/09 07:07 PM
HomeSteps, the real estate sales arm of Freddie Mac, just introduced a new program in an attempt to thin its inventory of agency-owned homes, in other words homes it has foreclosed on. In this demanding housing environment it predictably has quite a few of them available for purchase and has decided … (4 comments)
|
foreclosure: FICO score can take a hit following Home Affordable Modification Program - 07/17/09 07:16 PM
This outcome hasn't been discussed much before but now it's out there for everyone to see. Namely that if a homeowner in distress is successful in using the Home Affordable Modification Program, kicked off in March, to lower his mortgage payments, his FICO score is likely to take a hit. FICO … (20 comments)
|
foreclosure: Refinancing upside down mortgages under HARP could get wider range - 06/30/09 10:00 PM
Discussions are underway as we speak. The Federal Housing Finance Authority, or FHFA, is tossing the idea around since the original intent of HARP, or Home Affordable Refinance Program, isn't doing much good at all. Currently it can only refinance loans up to an LTV, or loan-to-value, of 105%. In the … (2 comments)
|
foreclosure: Upper half of the housing market feeling the heat now - 06/19/09 10:20 PM
Early on in this real estate meltdown the subprime mortgage drew all the attention with its high foreclosure rates. As the default numbers mercilessly accelerated in the lower half of the market the prices in this category headed in the other direction, at an increasing pace. To many optimistic housing observers, … (12 comments)
|
foreclosure: Las Vegas new single-family house market draws recovery prediction - 05/26/09 09:19 PM
A lot of time and money is spent annually in foreseeing the future in a variety of areas. From the familiar to the strange. As expected, the mortgage and real estate markets have seen their fair share of this. Some of these studies are more accurate than others, after they are … (14 comments)
|
foreclosure: More Las Vegas homes go underwater - 05/07/09 06:30 PM
Home values are still falling nationally. More in some areas and less in others, but they still seem to be in retreat. People who bought property in the last five years or so are in real danger of being underwater. Or upside down. That's when the balance on the underlying mortgage … (2 comments)
|
foreclosure: The Conference Board says consumers more confident - 04/28/09 06:32 PM
That's music to a lot of ears. The widely-known index that measures consumer attitudes and buying intentions jumped 12.3 points in April, representing the best showing for it since November. Despite that, it would be premature to pop any corks yet and let it flow. The banking sector continues to wallow … (8 comments)
|
foreclosure: Another mortgage regulatory agency in the works in Washington? - 04/25/09 10:47 PM
It just might happen. Both the House and Senate presented bills in March that would set up a brand new agency responsible for keeping a keen eye on all sorts of consumer credit, including home loans. It would ensure everyday financial products would be safe for consumers to use, as a … (4 comments)
|
foreclosure: Vegas housing market getting demand help, from vulture funds - 04/21/09 04:42 PM
The numbers are still too high. Southern Nevada existing home inventory, according to the local MLS, continues to hover up there where no one wants to see it. It has been over 20,000 for months. Much of it has to do with the high mortgage foreclosure rates here that seem to … (8 comments)
|
foreclosure: Las Vegas near top of list for bargain properties - 04/14/09 09:25 PM
It's not easy but Sin City is doing all it can to turn the tide on the bad hand it has been dealt over the past few years regarding the housing market. It has steadily occupied high rankings on many mortgage- and real estate-related lists that no one really wants to … (10 comments)
|
foreclosure: LV existing home sales increase in March - 04/09/09 06:48 PM
The spring real estate season kicked off nicely last month, with resales again showing strong numbers. That has been the direction of this segment of the market for a good stretch now.
All in all, 2,980 single-family houses were closed then that translates to a serious jump of 30% from … (4 comments)
|
foreclosure: Mortgage industry reform plans skirting the real issues - 04/07/09 08:24 PM
There is no question that the home loan industry needs a fresh look and some adjustments have to be made to prevent in the future what just happened to it. Easy underwriting requirements were part of the reason the real estate market ultimately tanked and dragged the entire economy into a … (21 comments)
|
foreclosure: BPOs stoke controversy within the real estate industry - 04/03/09 01:28 PM
BPO, or broker price opinion, is a vehicle used by real estate agents to assess home values. Over the years it has become sort of a competitor to an official appraisal that mortgage lenders still rely on when underwriting loans. BPO can be a dependable gauge although it is less scientific … (14 comments)
|
foreclosure: Canadians drawn to Las Vegas real estate - 03/30/09 08:07 AM
Southern Nevada housing market has recently been through plenty of agony. Despite low mortgage interest rates sales of single-family houses, condominiums and townhomes have been slow, especially in the middle and upper ends of the price scale. Sinking values have attracted first-time buyers and real estate investors to rummage through the … (6 comments)
|
foreclosure: Real estate market perking up in troubled areas - 03/07/09 10:26 PM
Anyone can live with these types of headlines. The other kind - like those about mortgage approvals being hard to get, price declines, foreclosures - have been dominant for too long. Yes, the positive ones give consumers a dose of optimism that the housing market isn't dead after all. That it … (4 comments)
|
;)
;)
