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Author Archive: Caroline H. Tucker

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Home prices dip, mortgage loan debt falls 2.5% yet households gain $1.2 trillion in new wealth

Home prices dip, mortgage loan debt falls 2.5% yet households gain $1.2 trillion in new wealth

Despite massive unemployment and falling home prices, Americans have actually become more wealthy. Huh? Are your kidding me? According to the Federal Housing Finance Agency (FHFA), home prices in the third quarter fell by 3.2 percent from a year earlier. At the same time, the Federal Reserve says that in the third quarter America‚Äôs personal […]

Posted in: News
8 million consumers drop credit cards, improve mortgage standing

8 million consumers drop credit cards, improve mortgage standing

More than eight million consumers stopped using credit cards during the past year, a trend which will help people qualify more easily for real estate mortgages and reduce monthly living costs. A new study by TransUnion shows that the use of bank-issued, general purpose credit cards has fallen significantly during the past year. “This deleveraging,” […]

Posted in: News
Foreclosures Continue To Batter Major Metro Areas

Foreclosures Continue To Batter Major Metro Areas

Once again cities in California, Florida, Nevada and Arizona lead the league when it comes to metro foreclosures, according to the latest figures for the third quarter from RealtyTrac.com. California, Florida, Nevada and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates. The only exception was Boise City-Nampa, Idaho at No. […]

Posted in: Foreclosures
Foreclosures Up, Mortgage Delinquencies Steady Say Feds

Foreclosures Up, Mortgage Delinquencies Steady Say Feds

A new report from the federal government tells us that foreclosures rose in the second quarter while delinquencies fell. A review of 34 million mortgages representing 65 percent of all first-lien mortgages found that “after several quarters of declining performance, the overall credit quality of the portfolio of loans serviced by the largest national banks […]

Posted in: Library
Confidence Rising: 78% Say Home Prices Have Bottomed Out

Confidence Rising: 78% Say Home Prices Have Bottomed Out

Better than three-quarters of the American public believe that home prices have bottomed out according to a new study by Fannie Mae. The Fannie Mae findings are good news in the sense that real estate cannot be sold short, no one benefits from lower home prices. A belief that home values are rising is one […]

Posted in: News