Tag Archives: Borrowers

New Foreclosures Plummet, but Fall Is Temporary

As such, the impact on foreclosure starts, while significant now, is likely to be temporary as the industry adapts to the new requirements, according to LPS’s Herb Blecher. In other words, the settlement designed to protect borrowers from faulty foreclosure … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

How Rising Home Prices May Actually Stall the Recovery

Home prices have been rising steadily for the past several months, but some fear the rapid increase could actually start hurting the housing recovery. The reason is that the rise in prices is mainly due to investors, mostly large hedge … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Builders Bump Up Thanks to Drop in Existing Home Supply

Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bank of America Slashes $4.75 Billion Off Mortgages

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Is Housing Risen From Ashes? ‘Industry Has Come Back’

Economists are saying it, and now even some Americans are saying it. After falling to depths not seen since the Great Depression, the U.S. housing market may finally be rising from the ashes.  It may not seem like a lot, … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment