3 Reasons to Sell Your House Today! (Part I)

by davesingery May 3, 2013 Latest News

Part I – Demand for Real Estate is Much Stronger This Year When selling anything, owners can only hope there is a strong demand for that which they are selling. The great news for today’s home sellers is that the current housing market is experiencing a stronger demand than we have seen in some time. […]

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3 Reasons to Sell Your House Today! (Part II)

by davesingery May 3, 2013 Latest News

Part II – Housing Supply is Low A seller’s ability to sell their home in today’s real estate market will be determined by both the supply of homes for sale and the demand for that housing. In real estate, supply is represented by the current month’s supply of homes for sale (the number of homes […]

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More than 220K Foreclosure Review Checks Scheduled for May 3

by davesingery May 1, 2013 Latest News

The checks for Goldman Sachs and Morgan Stanley borrowers covered under the foreclosure review settlement should be mailed out Friday, May 3, the Federal Reserve announced Monday. The next batch of payments will go out to more than 220,000 borrowers who had a mortgage in any stage of the foreclosure process in 2009 and 2010 […]

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Baby Boomers Plagued by Mortgage Debt as They Enter Retirement

by davesingery May 1, 2013 Latest News

As the Baby Boomer generation heads into retirement, many are plagued with debt, and mortgage debt is their most common financial hardship, according to a study released Monday by Securian Financial Group, a St. Paul, Minnesota-based financial services firm. Nearly half—49 percent—of current retirees retired with debt. Thirty-eight percent of current retirees hold at least […]

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Fannie Mae Releases Credit Performance Data for Over 18M Mortgages

by davesingery May 1, 2013 Latest News

Fannie Mae made available loan-level credit performance data for over 18 million single-family mortgages. The release of the new data marks a step toward greater transparency. Through the data, investors can model the credit performance of Fannie Mae loans and analyze potential risk sharing transactions. Currently, the GSEs are working with their regulator and conservator, […]

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Homeownership Rate Drops to 18-Year Low

by davesingery May 1, 2013 Latest News

The number of households owning homes fell 698,000 to 74,511,000 in the first quarter, the first decline in almost two years, according to a Census Bureau report Tuesday. At the same time, the nation’s homeownership rate fell to 65 percent (seasonally adjusted), the lowest level since the fourth quarter of 1995. The homeownership rate peaked […]

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Completed Foreclosures Rise in March, Foreclosure Inventory Falls

by davesingery May 1, 2013 Latest News

The number of residential properties lost to foreclosure increased from February to March, while foreclosure inventory was down from month and year ago levels, according to data from CoreLogic. In its most recent foreclosure report, the data provider reported 55,000 homes were lost to foreclosure in March, up 6 percent from 52,000 completed foreclosures in […]

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DeMarco Disappoints with New Streamlined Mod Program

by davesingery April 29, 2013 Latest News

Starting July 1, large numbers of non-paying borrowers will have the opportunity to modify existing mortgages through a more streamlined process. This sounds like a good way to reduce foreclosures and prop up home prices, but as we will shortly see, the proposed program is oddly risky and likely to encourage additional defaults. According to […]

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Is the Single-Family Rental Market Set for Decline?

by davesingery April 29, 2013 Latest News

Over the past couple years, rentals of single-family homes have served as a growing segment of the housing market. However, lately, limited supply and rising home prices are leading to rising rents, thus slowing growth in this market, according to a report from CoreLogic. In 2012, more than 1 million new renter households were created. […]

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Over 1M Foreclosure Review Checks Cashed; 3rd Round Sent

by davesingery April 29, 2013 Latest News

A third round of 927,000 foreclosure review checks was sent out Friday, the Office of the Comptroller of the Currency (OCC) announced. The most recent batch of checks is valued at $794 million. As of April 25, 1,150,328 recipients have cashed or deposited $1.1 billion in checks from the foreclosure settlement reached in January with […]

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