All Posts Tagged With: "record"
Bulletin: 5-Year ARM Mortgage Hits Record 2.96 Percent
The five-year ARM has hit an all-time record. Having fallen for the eighth consecutive week it now stands at 2.96 percent, according to Freddie Mac. The idea that ARM rates across the country would fall below 3 percent is stunning, proof that the country is awash in capital that essentially has nowhere to go. While [...]
1Sep2011 | Peter G. Miller | 0 comments | Continued
Foreclosure discount grows: RealtyTrac
Foreclosure sales continue to hold down prices nationwide, even though filings have declined. The latest numbers from RealtyTrac (www.realtytrac.com) show that foreclosed homes accounted for nearly 26 percent of all U.S. residential home sales last year. Typical prices for such distressed properties were 28 percent below the average sales price of properties not in the foreclosure [...]
24Feb2011 | Peter G. Miller | 0 comments | Continued
2.9 million properties faced foreclosure in 2010, new record says RealtyTrac
To paraphrase Charles Dickens, it was the worst of times, it was, well, it really was the worst of times. Figures from RealtyTrac show that 2,871,891 U.S. properties received foreclose filings in 2010, a record and an increase of nearly 2 percent from 2009 and up 23 percent when compared with 2008. The final figures [...]
13Jan2011 | 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
Mortgages: Foreclosure Rates Continue To Soar
Mortgage delinquencies for the second quarter were at the highest level since it first began keeping records in 1972, according to the Mortgage Bankers Association. Glum news on the foreclosure front continues. The latest MBA statistics offer the following highlights. The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted [...]
21Aug2009 | Peter G. Miller | 0 comments | Continued
Worst on Record: 2.3 Million Homes Faced Foreclosure In 2008
It was no illusion — 2009 really was as bad as it seemed, the worse year on record for foreclosures since the Depression. Year-end figures from RealtyTrac.com show that 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were sent out. Because some properties get multiple notices, and because some owners [...]
15Jan2009 | Peter G. Miller | 1 comment | Continued
Foreclosures Reach Record Levels In August 2008
Foreclosure levels reached a new peak in August when — for the first time — more than 300,000 homeowners received foreclosure notices — either default notices, auction sale notices or bank repossessions. The latest numbers from RealtyTrac.com show that 303,879 homes got the dreaded notices in August, a new record and evidence that foreclosure prevention [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
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