Tag Archives: foreclosure listing

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Bank Of America Pushes More Into Foreclosure

Bank of America has been harder hit by the mortgage crisis than any other bank. Only Wells Fargo comes close with a disproportionate share of their assets coming from mortgages. As Bank of America tries to clean up its mortgage … Continue reading

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Boom In Foreclosures Bigger Than Boom In Refinancing

It is all bad news for the re-election chances of Barack Obama. So his advisers are pondering a plan to subsidize and guarantee millions of mortgage refinances that the private market won’t underwrite. This would be typical for the Democrats, … Continue reading

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The Coming Foreclosure Wave

It looks like the rate of foreclosures is going to get worse, putting more downward pressure on home prices and increasing the number of mortgage foreclosures and the vicious cycle repeats. After much examination of their foreclosure processes, the big … Continue reading

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Mortgage Payments Improve

The average interest rate on a mortgage is about a full percentage point below what is was a year ago. Though mortgage interest rates are at record lows, that’s not much help to those with less than stellar credit. As … Continue reading

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Foreclosures Hit ‘Astronomically High’ Levels

I was out for my morning constitutional in Pico-Robertson. The day was warm. I enjoyed moving. I was reading the Drudge Report on my smart phone. It reloaded and I noticed the top story had changed. It was about the … Continue reading

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Mortgage Rates Rise Fourth Straight Week

I was curious how rising gas prices and the disaster in Japan would effect interest rates. I did not see such rates rising for four straight weeks. The inflation threat is growing. Report: Low mortgage rates haven’t been enough to … Continue reading

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Non-Profits Buying Foreclosures At A Discount

Many non-profit groups are buying foreclosures at a discount before they go on the market for speculators. Redevelopment agencies are working with non-profits to try to revitalize neighborhoods affected by a rash of foreclosures, but their efforts are tiny compared … Continue reading

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Foreclosures Account For 1 In 4 Home Sales In 3rd Quarter

Home supply greatly exceeds demand, meaning that home prices are headed down at least another 10% on average around America. Home buyer tax credits expired in April and ever since sales and prices have gone consistently down. What I find … Continue reading

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