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Items Tagged with 'Short sale'

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Fannie Mae expands HomePath for Short Sales website

May 29, 2014
The site’s new functionality will allow agents to contact Fannie directly earlier in the short sale process in an effort to preempt potential challenges, which the GSE says will decrease the need to escalate concerns as the short sale process progresses.
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5 brilliant insights in the CoreLogic April MarketPulse

Short sales down, short-term mortgages up, HELOCs all over
April 15, 2014
Shorter-term mortgages are on the rise, rising rates and equity may mean more HELOCs and short sales may fall of the cliff.
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California home sales continue to drop

Home price appreciation hits second year
March 13, 2014
Short sales made up an estimated 9.6% of the homes that resold last month. That was down from an estimated 10.9% the month before and 22.4% a year earlier.
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Minneapolis Realtors can't wait for Spring

Winter homes sales go BRRR!
March 12, 2014
The jury is still out on the impact of the unusually harsh winter on the housing economy. Some national statistics are noting a muted effect, with major metros brushing off the cold. Realtors in the Minneapolis/St. Paul region could not disagree more.
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From HW Magazine

A surge, now over

Once-hot short sales cool off
January 31, 2014
Distressed property sales, including short sales, accounted for 21.6% of national sales in the fall of 2013, according to a recent four-month rolling quarter report from Clear Capital — a far cry from the peak of 41% in 2011.
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Longer foreclosures squeeze investor profit

Fitch: Loss severities rise for first time in years
January 23, 2014
The rate at which mortgage servicers advanced missed borrower payments increased in the fourth quarter for the first time since the onset of the financial crisis, the Fitch report states.
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Foreclosures, short sales increased 1% in Dec.

Overall distressed activity subsides
January 22, 2014
Foreclosures and short sales remained relatively frozen in December, with U.S. residential properties, including single-family homes, condominiums and townhomes, selling at an estimated annual pace of 5.16 million in December, a less than 1% increase from November and a 10% increase from a year ago, the latest RealtyTrac report found.
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Minneapolis housing market finds stable footing

Fewer foreclosures, short sales reported as new listings fall
December 11, 2013
The Minneapolis-St. Paul metropolitan area saw foreclosures and short sales fall during the month of November. At the same time, new listings fell year-over-year.
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Residential home sales continue to climb: RealtyTrac

Short sales become less appetizing
November 26, 2013
Residential property sales continue to climb with homes selling at an estimated annualized pace of 5.69 million in October, a 13% increase from year ago levels.
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FHFA-OIG: Fannie servicers fall short in collecting required short sales data

Inspector General wants the FHFA to look into the issue
November 20, 2013
The Federal Housing Finance Agency Inspector General asked the FHFA to force Fannie Mae to establish new controls over short sales.
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