“There’s an 89.1% chance that Orange County home prices will be lower in two years, according to a new risk assessment by mortgage insurer PMI Group.”
“SAN ANTONIO — Efforts to keep defaulting homeowners from losing their homes have largely failed, leaving few options apart from letting foreclosures take their course, attendees at a national real estate writers conference were told.”
“Foreclosure notices in the four-county Sacramento region fell in May, from levels the previous month and a year ago, online foreclosure tracker RealtyTrac reported Thursday.”
“Now, it is important to recognize that even with these achievements, we have a lot of repair work still ahead of us. The housing finance system is still broken and completely dependent on the government.”
Click here for full article.
“WASHINGTON—The U.S. housing market is plagued by falling prices and slow sales. But in the nation’s capital, open houses frequently end with closed deals.”
“Foreclosure starts and delinquencies dropped significantly from a year ago, according to Lender Processing Services’ Mortgage Monitor report.”
“Foreclosure activity dropped 34% in April from a year ago, reaching a 40-month low and offering the latest clue that banks have hit major roadblocks as they try to correct foreclosure-process deficiencies.”
Click here for full article.
“Although many have called recovery in the housing sector, one financial services firm believes home prices have yet to hit bottom.”
Click here for full article.