CHICAGO (MarketWatch)—An increasing number of homeowners who are underwater on their mortgage are selling their homes by short sale, and that could become an even…
Homeowner Commits Suicide After ForeclosureABC NewsQuotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions.Looking Beyond Facebook for InnovationFox Businessall 20 news articl…
UPI.comForeclosure Activity Falls to Lowest Since Summer of 2007CNBC.comForeclosure filings, which include default notices, scheduled auctions and bank repossessions, fell 5 percent in April from March, according to a new report from RealtyTrac, and ar…
e-wisdom.comMortgage Delinquencies DeclineWall Street JournalBy NICK TIMIRAOS The percentage of homeowners delinquent on their mortgages in the first quarter fell to the lowest level since the end of 2008, but the share of loans in the foreclosure proc…
I have long made the argument that shadow inventory is a bogeyman which, like shadow boxing, won’t hurt anyone, or at least won’t hurt the…
Central Planning has crippled the real estate market to “save” their core constituency, the banks.
If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here’s what you would recommend.
1. C…
“Shadow inventory,” the number of homes that are either in foreclosure or are likely to end up in foreclosure, creates substantial but hidden pressure on housing prices and potential losses to banks and investors. This is a critical figure for …
A white paper (via @carney) sent from Ben Bernanke to the chairs of the Senate and House committees of banking and financial services and released today is not just a subtle nudge at Congress to do something to address lingering weakness in the hous…
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 6…
Michelle Meyer, the well-known housing analyst for BofA/ML, has some bad news: The housing crisis isn’t over.
In fact, in her 2012 outlook piece, she says it’s “far from over” and that prices still have another 7% to decline nationally.
The basic p…