Tag Archives: Banks

Mortgage Fix Failing at ‘Alarming Rate’

A new report from Special Inspector General for the Troubled Asset Relief Program points to disturbing numbers, but offers no reason for the high rates. Treasury’s data shows that the longer a homeowner remains in HAMP, the more likely he … Continue reading

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Housing Recovery ‘Fundamentally Strong’: Lennar CEO

Miller also said he is not concerned by the huge number of investor-owned single-family rental homes. He believes that renters may end up as buyers of these homes, but others are not so sure. (Read More: Housing Recovery Leaves Some … Continue reading

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Here’s What Is Fueling the Housing Boom in Vegas

Investors swarmed into the Las Vegas market, much like they did in Phoenix, AZ, using all-cash private equity funds to buy distressed properties in bulk. As competition grew and supplies shrunk, prices took off. While still well below the peak, … Continue reading

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Foreclosure-Related Homes Still Driving Sales

Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales, when the home is sold for less than the value of the mortgage, made up 22 percent, according to a new report from RealtyTrac. Add … Continue reading

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Foreclosure-Related Homes Still Driving Home Sales

Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales, when the home is sold for less than the value of the mortgage, made up 22 percent, according to a new report from RealtyTrac. Add … Continue reading

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