Archive for Real Estate News

Early signs of stabilization in delinquent and foreclosure inventories were overshadowed by an elevated pool of more than 7m distressed loans by the end of April, according to the latest mortgage report by Lender Processing Services (LPS: 34.33 +1.45%). The year-over-year growths in delinquent and foreclosure volumes have leveled off in recent months, with the [...]

ST. PETERSBURG, Fla. – For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. [...]

Freddie Mac reported Wednesday that it had sold 207 HomeSteps REO homes to first-time buyers and other owner-occupants at auctions in Las Vegas and Riverside-San Bernardino, California on April 24 and 25. via Freddie Mac Sells 207 REO Homes in Vegas, SoCal Auctions.

Mortgage giant Freddie Mac said Wednesday that it lost $6.7 billion during the first three months of this year, which follows a $6.5 billion loss for Q4 2009. via Freddie Mac Posts $6.7 Billion Loss in Q1.

Former Treasury Department secretary Henry Paulson told the Financial Crisis Inquiry Commission (FCIC) today that the US mortgage finance system — and in particular the government-sponsored enterprises (GSEs) — ran under an “inherently flawed” structure and outdated regulation that failed to keep up with a changing market. He told the congressionally-appointed panel tasked with investigating [...]

In February 2009, Fannie Mae rolled back a rule that kept real estate investors from financing more than 4 properties at a time.  The limit raised the maximum number of financed properties to 10. The program gives bona fide investors a ticket to the national REO and Foreclosure Party. via How To Get A Mortgage [...]

HomeGain Advisors Group – April 2010 Conference Call Recap The HomeGain Advisors met for their quarterly meeting last week on Thursday, April 22nd. The Advisors represent top real estate agents across the country who provide insight into HomeGain products and services, market trends and Realtor behavior. via HomeGain Blog» Blog Archive » HomeGain Advisors’ April [...]

Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses.Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year.The Washington-area company has already received more than 50 billion [...]

Home prices across the United States continue to slide in the quarterly context, but industry data released Thursday indicates that when you widen the scope, year-over-year numbers are still showing a healthy bounce-back from the depressed levels recorded in 2009. via Quarterly Drop in Home Prices Doesn’t Budge 5.1% Annual Gain.

If you’ve been waiting for rock-solid statistical evidence that the housing market — and the national economy — are well along into recovery mode, you definitely got it last week. Sales of existing single family homes jumped by 7.3 percent in March, according to the National Association of Realtors survey released last Thursday, and were [...]