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Foreclosures Deflate Home Prices for the next 2 Years
Tuesday, February 16th, 2010By JAMES R. HAGERTY More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project. The studies—by John Burns Real Estate Consulting Inc. and Standard & Poor's Financi ...
12/2/2009 A New Push on Mortgage Relief
Wednesday, December 2nd, 2009By RUTH SIMON In the latest move to bolster its $75 billion foreclosure-prevention plan, the Obama administration on Monday will outline new efforts designed to increase the number of borrowers who receive mortgage relief. The Treasury Department on Mon ...
One in Four Borrowers Is Underwater, pent up “Shadow” Inventory coming soon!
Wednesday, November 25th, 2009By RUTH SIMON and JAMES R. HAGERTY The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negat ...
Proving you're creditworthy after emerging from Bankruptcy (WSJ)
Wednesday, September 16th, 2009Q: I'm applying for a mortgage after going through Chapter 13 bankruptcy four years ago. All my debts were satisfied over a year ago. The lender asked for a letter of explanation regarding the bankruptcy, and I supplied one. Now they want more detail ...
Commercial Real Estate Lurks as Next Potential Mortgage Crisis – WSJ.com
Monday, August 31st, 2009By LINGLING WEI and PETER GRANT Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy just as it struggles to get up off the mat. Their efforts could be ...
Improving Home Sales Belie Market Reality – WSJ.com
Tuesday, August 25th, 2009By PAUL VIGNA The housing market has come out of its tailspin, lifted by falling home prices, low mortgage rates and an $8,000 federal tax credit offered to some first-time home buyers. But stability, to say nothing of strength, still looks a long way of ...
Distressed Property Reports
