All Posts Tagged With: "2009"
Mortgage Originations Tumble In 2010 First Quarter
Mortgage originations continue to decline, falling 28% in the first quarter of 2010 when compared with a year earlier, according to MortgageDaily.com. Among the biggest lenders, the site reported that “MetLife Inc’s 41% decline was the biggest of the lenders analyzed, moving it out of the top-10 club. Also losing its top-10 title was Flagstar [...]
6May2010 | Peter G. Miller | 0 comments | Continued
Foreclosure Filings Rise For 50th Straight Month
Tough weather in many states as well as loan modification programs are believed to have held down foreclosure filings in February, according to the latest report by RealtyTrac?, the leading online marketplace for foreclosure properties. Even so, foreclosure filings for the month included 308,524 default notices, scheduled auctions and bank repossessions nationwide — a total [...]
11Mar2010 | Peter G. Miller | 0 comments | Continued
2009 Home Sales Up, But Values Down
Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005. In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. [...]
26Jan2010 | Peter G. Miller | 0 comments | Continued
Foreclosure Filings Near 4 Million In 2009, Worst Since Depression
With the worst results in recent history, year-end figures from RealtyTrac.com show that 3,957,643 foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions — were reported on 2,824,674 U.S. properties in 2009. The 2009 total is 21 percent higher than 2008, itself a record year. The bloated foreclosure numbers are in large measure [...]
14Jan2010 | Peter G. Miller | 0 comments | Continued
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Nov2009 | Peter G. Miller | 0 comments | Continued
Real Estate: Second Quarter Sales Rise, Prices Fall
Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, according to the latest survey by the National Association of Realtors. However, prices continued to fall in most markets. Total state existing-home sales, including single-family and condo, rose 3.8 percent to a seasonally adjusted annual rate [...]
12Aug2009 | Peter G. Miller | 0 comments | Continued
7.2 Million Foreclosure Filings In The Next Two Years?
It’s usually estimated that there are about 50 million homes in the U.S. with first mortgages, thus it is amazing to consider the loss of homes through foreclosure. The number could top 7 million in the next two years at the rate things are now going — 300,000 per month x 24 months = 7.2 [...]
16Jun2009 | Peter G. Miller | 0 comments | Continued
Minority Mortgage Housing Goals — What’s The Truth?
I was at a dinner event in Washington recently and the speaker told the assembled rich and powerful that President Clinton had weakened the lending system by increasing minority financing goals to more than 50 percent. The implication was that a big part of the current mortgage meltdown is a by-product of federal efforts expand [...]
15Jun2009 | Peter G. Miller | 0 comments | Continued
Will HUD Allow FHA Loans With No Money Down?
Has HUD changed its mind? On Monday, May 11th, HUD posted Mortgagee Letter 2009-15 which explained that “Federal, state, and local governmental agencies and nonprofit instrumentalities of government, FHA-approved nonprofits, and FHA-approved mortgagees may provide short-term or “bridge loans– secured only by the anticipated tax credit due the homebuyer as collateral.” Immediately the letter was [...]
18May2009 | Peter G. Miller | 0 comments | Continued
Home Price Declines Continue, Says New Report
The S&P/Case-Shiller1 Home Price Indices for February show continued broad based declines in the prices of existing single family homes across the United States, with 10 of the 20 metro areas showing record rates of annual decline, and 15 reporting declines in excess of 10% versus February 2008. For the first time in 16 months, [...]
29Apr2009 | Peter G. Miller | 0 comments | Continued
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