The delinquency rate breaks the record set last quarter. The records are based on MBA data dating back to 1972.
Nov 26
I would have thought that the results of a pubic auction of properties owned by FDIC would have to be publicly disclosed. So why is the FDIC trying to cover this up?
…. In spite of every effort to avoid foreclosures the fact is that the number of properties owned by the Feds is rising on a daily basis.
via Seeking Alpha.
Nov 25
Why, a sensible person might ask, do we need to do this when millions of homeowners faced foreclosure in the last year alone, and an estimated 15 million more own homes worth less than their mortgages?
via Statesman.
Nov 25
More than four out of every 10 homes listed for sale (43.5%), across 27 major U.S. housing markets reduced their listing prices in October 2009
via RISMedia.
Nov 25
No one else bids so the house is “sold” by Bank of America to Bank of America Home Loan Servicing. In essence, the property is simply transferred from one division to another so that clear title is established. But this is counted as an existing home sale which artificially inflates existing home sales numbers.
via naked capitalism.
Nov 25
Nov 24
The extra-seasonal, “cash for first time home debtors” fueled housing price bounce having reached its peak in most markets in mid-summer now appears to be completely reverting for some.
via Seeking Alpha.
