Mortgages

RealtyTrac Reports Shift Towards Short Sales and Away from Foreclosure Sales

In its 2011 Year-End U.S. Foreclosure Sales Report, the information provider RealtyTrac reports that in the national scale, pre-foreclosure sales – which are mostly short sales – increased by 15% from a year ago; while Real Estate Owned (REO) sales or sales of properties as a result of foreclosure decreased by 12%. In terms of …

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24% of Maryland’s Residential Properties with Mortgage are Underwater, CoreLogic Reports

CoreLogic, an information and analytics provider, announced  today/yesterday that 11.1 million or 22.8% of residential properties with a mortgage in the U.S. were underwater at the end of the fourth quarter of 2011. CoreLogic report shows that at the end of the fourth quarter of last year out of 1,360,309 residential properties with mortgage in …

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Gov’t to Put Up Foreclosed Homes for Rent

The Federal Housing Finance Agency (FHFA), the agency that regulates Fannie Mae, Freddie Mac and 12 Federal Home Loan Banks, has invited investors to participate in its foreclosure-to-rental pilot program. Specifically, FHFA has invited investors to purchase approximately 2,500 Fannie Mae foreclosed properties with the condition that these purchased properties must be rented out for …

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Home Sales Increase Yet Again in Jan. 2012, NAR Reports

Rising rents, bargain home prices, record-low mortgage interest rates, pent-up household formation and sustained job creation are the elements that sustained the uptrend in home sales in the first month of this year, this according to the recent report of the National Association of Realtors (NAR). “The uptrend in home sales is in line with …

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Home Buying More Affordable Today Than in the Last 20 Years

Buying a home is more affordable today than in the last two decades, this according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). NAHB/Wells Fargo HOI data shows that 75.9 percent of all existing and new homes sold in the fourth quarter of last year were affordable to families earning …

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