How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'Daren Blomquist'

ARTICLES

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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Mortgages: Has Dodd-Frank failed?

Industry needed its 250 new standards
Daren Blomquist and Peter Miller

The need for Wall Street Reform arose precisely because the financial industry was under-regulated. No less an authority than Alan Greenspan, the former head of the Federal Reserve and chief architect of the less-regulation approach, told Congress in 2008 that “those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief.” 


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Is the boom era for home flipping ending?

RealtyTrac: Trends return to historical normal
Brena Swanson
"Home flipping is settling back into a more historically normal pattern after a flurry of flipping during the recent run-up in home prices in 2012 and 2013," said Daren Blomquist, vice president at RealtyTrac.
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WATCH and CLICK: Where are home prices peaking?

Homes hit new 10-year peaks in 2013, 2014
Brena Swanson
More counties are starting to hit new 10-year home price peaks in 2014, but this video and chart tells the story best.
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RealtyTrac: Monthly foreclosure filings reverse course, rise 8%

40th consecutive month of declines annually
Brena Swanson
Foreclosure filings reversed course, increased 8% to 124,419 in January from December, marking the 40th consecutive month where foreclosure activity declines on an annual basis.
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When rising homes prices are not enough

Positive equity is not a barrier to foreclosure
Brena Swanson
Despite rising home prices, some homeowners are still entering the foreclosure process. It seems even with equity at their fingertips, these borrowers cannot catch a break. Fitch Ratings explains why equity means very little when a borrower simply has no ability to pay.
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Home prices jump 11.8%

New CoreLogic report shows 21 months of consecutive gains
Brena Swanson
Home prices, including distressed sales, edged up 11.8% in November when compared to a year earlier, representing the 21st consecutive annual home price increase nationally.
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Residential home sales continue to climb: RealtyTrac

Short sales become less appetizing
Brena Swanson
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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RealtyTrac: Investor demand boosts residential property sales

Brena Swanson
Residential property sales continued to edge higher in September, as an increase in investor purchases boosted transaction volumes, RealtyTrac reported Thursday.
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California home sales fall to 1988 levels

Low inventory stifles demand as market recovers from bust
Christina Mlynski
Home sales volume in California is starting to decline, but demand remains relatively high, representing an imbalance between supply and demand.
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