indianapolis foreclosure: Fannie Mae Foreclosures Nearly Double
- 05/11/10 02:31 AM
Follow Jason On Twitter ----> Click HERE Add Jason As A Friend On Facebook ---> Click HERE Fannie Mae Foreclosures Nearly Double in Q110 The amount of foreclosures held by the government-sponsored enterprise (GSE) Fannie Mae nearly doubled from 2009. According to the quarterly earnings report filed for Q110, Fannie Mae holds more than $11.4bn in single-family foreclosed properties, up from $6.2bn in Q109. The foreclosure rate in its single-family portfolio reached 1.36%, up from 0.55% last year. For the quarter, Fannie reported an $11.5bn loss and requested $8.4bn in aid from the Treasury Department. The foreclosure volume reached over 109,000 … (0 comments)
indianapolis foreclosure: Pending Home Sales on an Upswing
- 05/05/10 04:36 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Pending Home Sales on an Upswing Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale … (0 comments)
indianapolis foreclosure: Commercal Mortgage Delinquencies Hit All Time High
- 05/05/10 01:48 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! CMBS Delinquencies Hit New All-Time High Overdue loans in pools of commercial mortgage-backed securities (CMBS) continue to mount. With each passing month, CMBS delinquency rates jump to another record high – and April held true to form. The delinquency rate for commercial real estate loans in CMBS climbed higher still last month, although the rate of increase … (0 comments)
indianapolis foreclosure: Home Prices Fall Over Month But Up Annually
- 05/04/10 02:16 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Home prices fall over month, up annually Standard & Poor's/Case Shiller home price indexes shows that prices of U.S. single-family homes fell in February on a monthly basis, but posted the first annual increase in more than three years. The report suggests more price erosion is possible before prices start rising on a sustained basis, S&P said. … (0 comments)
indianapolis foreclosure: Fannie Mae Takes A Second Look At REOs
- 05/04/10 02:09 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! HAFA encourages short sales to avoid foreclosure Short sales give distressed homeowners an exit that doesn’t lead through credit-damaging foreclosure and saves bank’s money compared with taking and selling houses with failed mortgages. That should make them a preferred option. But short sales take longer, often two months longer, and can be nearly impossible if other lenders … (0 comments)
indianapolis foreclosure: HUD On The Hotseat
- 05/03/10 04:05 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! HUD on the hotseat The US Department of Housing and Urban Development (HUD) finalized new regulations earlier in April that increase the net worth requirements of FHA-approved lenders and make these businesses liable for the oversight of mortgage brokers. Previously, since 1993, FHA had required approved lenders to hold a net worth of at least $250,000. Effective … (0 comments)
indianapolis foreclosure: Big Cities Buck The Foreclosure Trend For Now
- 05/03/10 03:59 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Big cities buck the foreclosure trend, for now A few of the country's worst-hit spots in the first three months of 2010 have shown decline in foreclosure filings, but it is still a long way before healing happens. Foreclosure filings declined in 14 of the top 20 cities year-over-year, most of which are concentrated in the Sunbelt … (0 comments)
indianapolis foreclosure: 7.3 Million Mortgages Non Current
- 05/03/10 02:34 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! 7.3 million Mortgages Non-Current: LPS More than 7.3 million mortgages in the US are non-current or in REO status through March 2010, according to the Lender Processing Services (LPS) Mortgage Monitor report. Data and analytics firm LPS reported the modest improvements in the amount of loans becoming current has been overshadowed by this large pool of non-current … (0 comments)
indianapolis foreclosure: The Great Cash Giveaway by Bank of America
- 04/26/10 10:41 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Bank of America's Great Cash Giveaway The madness continues. Bank of America (BoA) is considering a special program for unemployed borrowers that would offer as many as nine months of no mortgage payments while they hunt for a new job. A spokesperson for BoA says that the program is still pending regulatory approval. Whether or not the … (0 comments)
indianapolis foreclosure: CNBC Analyst Says Housing Market News Is Lipsticked Pig
- 04/26/10 10:37 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Olick - The lipsticked pig As usual, Olick takes a contrarian view of the market, this time citing Ivy Zelman, the former Credit Suisse analyst who called the housing crash, even before the boom had peaked. "Zelman did a simple exercise of adding shadow inventory to the seemingly improving inventory numbers. In DC for example, she cites … (0 comments)
indianapolis foreclosure: Commercial Defaults May Pass 11% By 2011
- 04/26/10 05:02 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Fitch - CMBS defaults will pass 11% by 2011 Commercial mortgage loan defaults look likely to rise through the end of the year, with another 4.4% likely in 2010 and the overall default rate expected to pass 11% among securities rated by Fitch Ratings, the credit-rating agency said today. New CMBS defaults increased more than five-fold last … (1 comments)
indianapolis foreclosure: Do Profits To Servicers Actually Threaten HAFA?
- 04/26/10 04:38 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! BusinessWeek: Profits from foreclosure threaten HAFA Starting this month, the Treasury Department is paying companies that collect mortgage payments and examine pleas for assistance a $1,500 stipend for approving the sale of homes for less than the loan balance, known as a short sale. The servicers also get $1,000 for each completion under the government’s year- old … (1 comments)
indianapolis foreclosure: Foreclosure Rates Surge, Biggest Jump In Five Years
- 04/18/10 07:48 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Foreclosure rates surge, biggest jump in five years Foreclosures hit a record in the first quarter. According to RealtyTrac Inc. more than 900,000 households — or one for every 138 homes — received a foreclosure notice in the past three months. Experts say it’s a sign that banks are beginning to sort through a backlog of troubled … (0 comments)
indianapolis foreclosure: Foreclosures Spike
- 04/15/10 05:07 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Foreclosures spike According to the online foreclosure marketing firm RealtyTrac, in the first three months of 2010 foreclosure filings rose 7% compared with the previous quarter, to more than 930,000,. That's a 16% jump over the first three months of 2009. Foreclosures started off the first quarter with modest gains but spiked in March to a record … (1 comments)
indianapolis foreclosure: Obama's Mortgage Relief: 10% Effective
- 04/14/10 04:42 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------> HERE ! Obama's mortgage relief: 10% effective According to a Congressional Oversight Panel's latest report released today, only 168,708 homeowners have received long-term mortgage modifications as of February - a small fraction of the 6 million borrowers who are more than 60 days behind on their loans. One in ten, in fact. The president's foreclosure-prevention plan will likely assist … (0 comments)
indianapolis foreclosure: Mortgage Foreclosures Break Records
- 04/13/10 08:48 AM
For the most up to date information on Foreclosures, Short Sales, HAFA, HAMP, Loan Modifications, Bankruptcy Laws, Forensic Audits, Our Current State of Economy, and much more go to this TOTALLY FREE website that gives you access to everything you need Click------>HERE! Mortgage Foreclosures Break Records The new Loan Modification Plan may be hurting some investors while helping others. First lien holders are complaining that they have lost priority under the new Making Home Affordable program. Many investors believe the program could help the housing market but they also want to share the losses with second lien holders. One report suggested … (0 comments)
indianapolis foreclosure: Distressed Sales Rule the Market
- 04/09/10 04:16 AM
If your not too scared of social media you can follow us on Twitter by clicking Twitter.com/JasonLucchesi & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Debt forgiveness can be taxing It is IRS policy to tax forgiven debt you are personally responsible for as if it is income. For example, if a credit card company settled a $10,000 debt for 50 cents on the dollar, that would leave a debt forgiveness of $5,000, which the IRS would count as income, just like wages. The same policy held true for most mortgage debt until 2007, when Congress passed the … (0 comments)
indianapolis foreclosure: The Mortgage Lottery Brought To You By Bank Of America
- 04/09/10 01:21 AM
If your not too scared of social media you can follow us on Twitter by clicking Twitter.com/JasonLucchesi & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi The mortgage lottery...brought to you by Bank of America Bank of America (BoA) announced last week that it would begin cutting loan balances for distressed mortgage borrowers and in the process created a lottery - if you're lucky enough to be in its portfolio and smart enough not to pay your mortgage, you win. Specialty servicers have been around for a while, handling the worst-of-the-worst; loans at least 90 days late, and one … (2 comments)
indianapolis foreclosure: MBA Says 1.2 Million Households Lost
- 04/09/10 01:13 AM
If your not too scared of social media you can follow us on Twitter by clicking Twitter.com/JasonLucchesi & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi MBA - 1.2 million households lost According to the Mortgage Bankers Association (MBA), 1.2 million households were lost from 2005 to 2008, despite the population increase of 3.4 million in the study area. This decline in households is likely what contributed significantly to the excess supply of apartments and single family homes on the market. The study, “What Happens to Household Formation in a Recession,” was conducted by Professor Gary Painter of USC … (2 comments)
indianapolis foreclosure: Home Sales Up But Foreclosures May Curb Enthusiasm
- 04/07/10 01:35 AM
If your not too scared of social media you can follow us on Twitter by clicking Twitter.com/JasonLucchesi & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Home sales up Pending home sales rose in February, signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI) rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a … (0 comments)
Follow Jason On Twitter ----> Click HERE Add Jason As A Friend On Facebook ---> Click HERE Fannie Mae Foreclosures Nearly Double in Q110 The amount of foreclosures held by the government-sponsored enterprise (GSE) Fannie Mae nearly doubled from 2009. According to the quarterly earnings report filed for Q110, Fannie Mae holds more than $11.4bn in single-family foreclosed properties, up from $6.2bn in Q109. The foreclosure rate in its single-family portfolio reached 1.36%, up from 0.55% last year. For the quarter, Fannie reported an $11.5bn loss and requested $8.4bn in aid from the Treasury Department. The foreclosure volume reached over 109,000 … (0 comments)
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