Month: January 2012

Federal Reserve Board Pushes for Foreclosure Alternatives

In a white paper entitled “The U.S. Housing Market: Current Conditions and Policy Considerations” that was released last week, Federal Reserve Board calls for alternatives to foreclosures. “While the total stock of REO properties is difficult to measure precisely, perhaps one-fourth of the 2 million vacant homes for sale in the second quarter of 2011 …

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Baby Boomers are Helping their Children Become Home Buyers, Study Shows

One in five American baby boomers have gifted, loaned or co-signed a loan to their children or grandchildren for a down payment on a home, this according to the latest survey commissioned by Better Homes & Gardens Real Estate and Research Solutions Inc. “Our data shows that they (baby boomers) are using what they’ve earned …

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Home Prices & Mortgage Interest Rates Declines Result to Dramatic Housing Affordability

The combined decline in home prices and mortgage interest rates gives way to the dramatic improvement in housing affordability, this according to Fiserv Case-Shiller, a leading global technology provider serving the financial services industry. “Housing affordability has improved dramatically because of declines in both prices and mortgage interest rates,” David Stiff, chief economist at Fiserv, …

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Foreclosures Will Continue to Hammer Home Prices in 2012, Inside Mortgage Finance Says

According to Lender Processing Services, Inc., a leading provider of data and analytics to the mortgage and real estate industries, reported that as of November last year, 6.26 million properties were 30 or more days delinquent or in foreclosure. The data and analytics provider added that as of November of last year, 2.11 million properties were …

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