Barclays Capital predicted that it would peak at 4.7 million in the summer of 2010. Capital Economics, a research firm, predicts that the shadow inventory could reach 5.5 million by the end of 2011. Thousands of people remain in their homes after banks have attempted to foreclose on them, because many banks do not have original titles on the homes due to the bundling and securitization of mortgages.
The shadow inventory of foreclosures should peak in the summer of 2010 before falling gradually in the later months, according to a new report from Barclays Capital. Barclays defines the shadow.
Freddie Mac and Florida foreclosure law firm part ways RealtyTrac reports foreclosure filings rise 3% in January zunderwater homes (owe more than the home is worth)Underwater Homes (owe more than the home is worth) zIn October, underwater homes were down to 38.3% of all residential mortgages in Florida. Hendry County had the highest percentage at 64.2%, followed by Glades County at 56.3%.Freddie Mac takes foreclosure files from fort lauderdale-based marshall C. Watson law firm. by Kim Miller. Federal mortgage backer freddie mac is taking its foreclosure cases from the Fort Lauderdale-based Marshall C. Watson law firm, one of eight florida firms facing state scrutiny for its handling of home repossessions.
“It’s going to be a tough summer at least. s not like normal downturns where you’re coming off a peak and you get a lot of excess people,” Trone said in an interview last week on Bloomberg.
Existing-home sales plummet 15.3% in May and 15.3% from 5.68 million in May 2010, the National Association of Realtors said. But the group warned that May 2010 sales were inflated because of the pending expiration of a tax credit for home.
· Foreclosure inventory remains high, and the so-called “shadow inventory” could keep it that way for a while. In January, shadow inventory reached 1.8 million units – or a nine-month’s supply.
Barclays | The future of US housing finance. from its peak of around 69% to the mid60% area, which is close to levels last seen in – 1996 (Figure 3). The numbers are even lower once we strip out seriously delinquent and foreclosed mortgages (shadow inventory). At that point, the real homeownership rate falls to the low 60% range, which we.
Barclays defines the shadow inventory of foreclosures as loans in 90-plus day delinquency or already in the foreclosure process.. The shadow inventory should reach its height in the summer in 2010 before falling gradually as the market absorbs 130,000 distressed properties per month, according to the report.
Top 8 states for mortgage fraud PDF Mortgage Fraud – Bureau of Justice Assistance – Mortgage Fraud . According to the Federal Bureau of Investigation’s . 2010 Mortgage Fraud Report, mortgage fraud activity is an increasing problem nationwide, with perpetrators using schemes that are resilient and complex. 1. Mortgage fraud investigations are also time intensive, with various schemes often used by
· Home prices, which tumbled 33.7 percent from peak to trough using the S&P/Case-Shiller Home Price Index, have since rebounded 16.3 percent and are up 12.4 percent over the past year alone.
William Jandrisits, who took a job in Canada in 2010, abandoned hopes of selling his $2.7 million house in Greenwich this summer. A year-long search. or in some stage of foreclosure — known as.
MERS wins again; this time in Pennsylvania PA.GOV | The Official Website for the Commonwealth of Pennsylvania. The official website of the Commonwealth of pennsylvania. find information and services from Pennsylvania state government agencies.
Late spring and summer. April 30, 2010–will force buyers to speed up their decisions. Historically low interest rates also suggest that sellers will face a busier market as early as February. This.
Economist Reports the Housing Market Double Dip is Beginning Economist: Housing Market Nears Double Dip | Newsmax.com – The news follows a report Tuesday that sales of existing homes fell for a third straight month in February, to the lowest level since July. The results "provide yet more evidence that the housing market is heading for a double-dip in both activity and prices, if it isn’t there already," wrote Paul Dales, U.S. economist with Capital Economics.