Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'RealtyTrac'

ARTICLES

Flipping activity continues to decline as prime inventory dwindles

Profits still top 36% for investors
Trey Garrison
The third-quarter report from RealtyTrac on flipping shows that 26,947 single-family homes were flipped nationwide in the third quarter of 2014 — where a home is purchased and subsequently sold again within 12 months — representing 4% of all U.S. single-family home sales.
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Here are the housing markets with the best schools in America

They’re in the most and the least affordable markets
Trey Garrison
RealtyTrac sifted through the data, and compiled a list of the markets with the best schools and the most affordable homes, and the best schools with the least affordable homes.
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Rising foreclosure activity validates housing market getting worse

"It's no great secret to how we can improve the economy"
Lynn Effinger
With Election Day behind us, you can count on seeing more and more media reports about rising foreclosures. We are watching very closely to see if actions will be taken by the government to improve the job market, by removing obstacles that have greatly hindered the private sector from bursting out of the malaise of the past six years.
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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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Institutional investment in housing drops to 4-year low

Cash sales at 33.9%, institutional down to 4.3%
Trey Garrison
Institutional investors — entities that purchase at least 10 properties in a calendar year — accounted for just 4.3% of all sales of single family homes and condos in the second quarter, according to RealtyTrac’s third quarter 2014 report.
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RealtyTrac: Foreclosure sales fall to lowest level since Q1 2011

Median home prices increase for 30th consecutive month
Ben Lane
According to the report, residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September, a decrease of 1% from August 2014 and a decrease of 19% from one year ago.
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RealtyTrac: Seriously underwater homes hit 2-year low

But it’s not all positive news
Brena Swanson
“The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac.
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RealtyTrac: Foreclosure filings increase first time in 3 years

Rise in foreclosures foreshadows new industry trend
Brena Swanson
Foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 317,171 U.S. properties in the third quarter. According to Daren Blomquist, vice president at RealtyTrac, this rise in foreclosures foreshadows a new trend.
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Credit nation? HELOCs up 20.6% year-over-year

Highest level of home equity loans since June 2009
Trey Garrison
A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac.
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Home-price growth in August slows in 18 of 20 largest housing markets

Affordable home sales slide while home sales over $500K skyrocket
Trey Garrison
Home-price growth is slowing even as the sales of homes under $200,000 slip and the share of home sales above the $500,000 price point grow, according to the August home report from RealtyTrac.
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