You are here: Home \ Foreclosures

From the category archives:

Foreclosures

Fannie, Freddie May Lose Top Credit Rating

by John TayebJuly 20, 2011 commercial real estate

Standard & Poor’s cautioned Fannie Mae and Freddie Mac that they may lose their top credit ratings if lawmakers don’t soon raise the government’s borrowing limit to avoid default. The S&P also said that the government-sponsored enterprises could potentially default on their debts since they are so reliant on the U.S. government for funding. Fannie [...]

1 comment Read the full article →

Help on the Way for Underwater Home Owners?

by Tayeb Realty GroupJuly 20, 2011 Foreclosures

A bill introduced in the Senate aims to remove barriers for underwater home owners looking to refinance. “The Helping Responsible Homeowners Act” would order Fannie Mae and Freddie Mac to waive fees and remove barriers that are keeping underwater borrowers from refinancing to lower mortgage rates. The bill, authored by Sen. Barbara Boxer, D-Calif., has [...]

1 comment Read the full article →

Bill Calls for Extending Jumbo Loan Limits

by John TayebJuly 19, 2011 commercial real estate

A bill introduced late last week calls for extending the current conforming loan limits on government-backed mortgages at Fannie Mae and Freddie Mac for another two years. The bill, introduced by Rep. John Campbell, R-Calif., and Rep. Gary Ackerman, D-N.Y., would allow the government-sponsored enterprises and the Federal Housing Administration to guarantee or buy mortgages [...]

1 comment Read the full article →

Warning: getimagesize() [function.getimagesize]: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/newyorkr/public_html/wp-content/themes/tizishtheme/lib/functions/post_images.php on line 63

Warning: getimagesize(http://www.hafaprogram.com/members/wp-content/uploads/2011/04/mars_shortsale-e1301634569803.jpg) [function.getimagesize]: failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/newyorkr/public_html/wp-content/themes/tizishtheme/lib/functions/post_images.php on line 63

FTC No Longer Enforcing Parts of MARS

by Tayeb Realty GroupJuly 18, 2011 Foreclosures

The Federal Trade Commission announced on Friday that it would no longer enforce against real estate professionals most of a new rule in the Mortgage Assistance Relief Services (known as MARS). This had been a roadblock for practitioners trying to assist consumers in short-sale transactions. “Real estate professionals will not have to make several disclosures [...]

1 comment Read the full article →

Georgia Real Estate Agent Attacked at Gunpoint

by John TayebJuly 6, 2011 commercial real estate

Police continue to search for a suspect after a real estate agent says she was attacked and robbed at gunpoint last week while working at a leasing office in a new subdivision in Cobb County, Ga. The man entered the leasing office in broad daylight, briefly spoke with the agent, and then robbed her at [...]

1 comment Read the full article →

Can a New HUD Program Save Home Owners?

by Tayeb Realty GroupJuly 6, 2011 Foreclosures

In June, the Department of Housing and Urban Development launched a new grant program to help home owners who have fallen behind on their mortgage payments due to unemployment or unexpected medical bills. The program offers eligible home owners $50,000 in interest-free loans for up to two years. HUD has until the end of the [...]

1 comment Read the full article →

Warning: getimagesize(http://msnbcmedia1.msn.com/j/ap/foreclosure%20rates-301815475_v2.grid-6x2.jpg) [function.getimagesize]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/newyorkr/public_html/wp-content/themes/tizishtheme/lib/functions/post_images.php on line 63

Foreclosure Sales Drop, But Inventories Swell

by John TayebJuly 6, 2011 Foreclosures

Foreclosure sales continue to drop, but foreclosure inventories remain high in many markets across the country. By the end of May, the number of mortgages that were 90 or more days delinquent, combined with the foreclosure inventory, outpaced foreclosure sales by 50:1, Lender Processing Services Inc. reports. The biggest drop in foreclosure sales occurred in [...]

Read the full article →

Mortgage Rates Reach Another Low for 2011

by John TayebJune 6, 2011 Foreclosures

For nearly two months, mortgage rates have been steadily dropping, and this week rates reached another low for the year, Freddie Mac reports in its weekly mortgage market survey. Here’s a closer look at average mortgage rates for the week: 30-year fixed-rate mortgage: The most popular financing choice among buyers, the 30-year fixed-rate mortgage continued [...]

1 comment Read the full article →

Real Estate’s ‘Clearance Sale’?

by Tayeb Realty GroupJune 6, 2011 Foreclosures

For those who love a deal, now is the time to buy a home, experts say. Pete Flint, CEO of Trulia, predict a “clearance sale” in real estate. “We don’t imagine a stampede of buyers, like outside of Macy’s on Black Friday,” he told CNN. “We see this more akin to January sales where retailers [...]

1 comment Read the full article →

Foreclosures Scored on Appreciation Potential

by Tayeb Realty GroupApril 27, 2011 Foreclosures

RealtyTrac, a foreclosure data resource, and SmartZip, an investment analytics company, are teaming up to offer HomeScore ratings for foreclosure properties. The HomeScores allow buyers a different to size up bank-owned properties by providing information on the foreclosed home’s potential for above average price appreciation and below average costs. For example, properties that receive scores [...]

Read the full article →
Page 1 of 2612345»1020...Last »