Strategic Default?

Archive for 'Market News'

Foreclosure activity increases nationwide

Posted on 04. Aug, 2010 by Stacey.

A new report shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity. The report by RealtyTrac® also showed nine of the 10 metro areas with the highest foreclosure rates experienced declines. Four states—Florida, California, Nevada, and Arizona—accounted for the top 20 metro foreclosure [...]

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Buyers and Financing: What are loan deal killers?

Posted on 04. Jun, 2010 by Stacey.

What you should know about the market: When applying for a home loan, one of the factors lenders consider is the percent of the borrower’s income used for housing expenses, as well as the borrower’s other non-housing related debt. Although this amount can vary by lender, typically lenders consider a housing-and-debt to income ratio of [...]

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More bank-owned homes likely to hit the market

Posted on 03. Jun, 2010 by Stacey.

It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes bank and mortgage investors own. To read the full story, please click here

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FHA Increases Upfront MIP Fee; Raises Credit Score Requirement; Reduces Seller Concessions

Posted on 21. Jan, 2010 by Stacey.

As promised in December, the Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed into dangerously low territory late last year. The changes are designed to increase the FHA’s income from customers while reducing its portfolio’s risk. Read the full story here on [...]

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Bay Area real estate investors snap up properties in Sacramento, Vegas

Posted on 18. Dec, 2009 by Stacey.

Bay Area real estate investors have gone on a shopping spree, snapping up homes in low-cost communities outside the region as falling home prices and low mortgage rates make the economics of buying rental property far more appealing. To read the full story, please click here.

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Thinking of halting payments on your house?

Posted on 10. Nov, 2009 by Stacey.

Some homeowners underwater on their houses—who owe more on their mortgages than their homes are worth—wonder what would happen if they were to stop paying their mortgages. When lenders do not receive payments, the first action taken by the lender is to report the missed payment to the credit bureaus by the first day of [...]