Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'Foreclosure'

ARTICLES

RealtyTrac reports foreclosure activity fell 9% in November

Trouble ahead: Foreclosure starts increase for first time since mid-2012
Trey Garrison
The good news is foreclosure activity dropped in November. The bad news? Foreclosure starts are up for the first time in two-and-a-half years. Here's how it breaks out.
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CoreLogic: September completes 41,000 foreclosures

Foreclosure inventory down almost one-third from a year ago
Brena Swanson
The foreclosure inventory continued to trend lower in September, and according to Anand Nallathambi, president and CEO of CoreLogic, if current rates continue, 2015 could mark a new low for foreclosure inventory.
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$89 billion: The principal reduction price tag to save American homeowners

Black Knight quantifies principal reduction
Brena Swanson
With the increased debate surrounding principal reduction, Black Knight set out to quantify the scope of the issue. And while the number of underwater borrowers has significantly improved over the years, the number still adds up to a whopping $89 billion.
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Homeowners murdered while taking possession of Detroit foreclosure

Gunman kills father and daughter
Ben Lane
A Detroit man and his daughter died after they tried to take possession of a home he’d purchased at a foreclosure auction. A confrontation ensued after they arrived at the home to find the previous owners moving out and allegedly taking more than just their possessions.
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Philadelphia Fed: Could principal reduction save bankrupt homeowners?

Mortgage lenders don't think so
Brena Swanson
Mortgage strip-downs were originally introduced after the housing crisis as a way to reduce the overwhelming amount of houses going into foreclosures. And while lenders successfully blocked the legislation, new data from the Philadelphia Fed shows that lenders may have had it wrong.
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Fannie Mae partners with Detroit to demolish foreclosed homes

GSE will sell vacant properties to Detroit Land Bank
Ben Lane
In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
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Black Knight: Mortgage delinquency rate drops to 7-year low

Loans in foreclosure also dropped to 6-year low
Ben Lane
The mortgage delinquency rate declined in October to a seven-year low, according to Black Knight Financial Services’ “First Look” at the October mortgage data. October also saw a rise in prepayments for the first time since July, which Black Knight said is “historically a good indicator of refinance activity.”
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Stop panicking about recent foreclosure numbers

The sky is not falling
Rick Sharga
So, are we about to see housing Armageddon? Do these ominous increases in foreclosure activity mean that the market is about to implode? No. Not even close. Allow me to explain.
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RealtyTrac: Foreclosures increase for two months straight

Biggest monthly increase in 4 years
Brena Swanson
Although this is the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010, the increase is not a significant surprise due to historical trends. But that doesn't mean there isn't more than just a seasonal pattern at work.
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Federal judge approves Detroit’s bankruptcy plan

Did Detroit’s housing market just turn a corner?
Brena Swanson
Detroit’s housing market was one of the most severely attacked during the financial crisis, leaving a wasteland of foreclosed and abandoned homes. But a new ruling might help give the city the extra boost it needs.
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