Two foreclosure reports: one national predicting an increase in distressed sales; the other regional (west) predicting less foreclosure inventory. Both could be correct … (Update: the reports have conflicting data for California – on that one is probably wrong!) RealtyTrac released their midyear foreclosure report this morning: 1 Million Properties With Foreclosure Filings in...
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The nation's average mortgage interest rates are finishing 2011 near all-time historic lows, helping to keep homebuyer affordability high. The Freddie Mac mortgage market survey showed the 30-year, fixed-rate mortgage averaged 3.95% for the week ending Thursday, up from the prior week's average of 3.91%. Last year at this time, the 30-year FRM averaged...
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Big banks, including Wells Fargo (WFC: 26.29 0.00%) and U.S. Bancorp (USB: 26.04 0.00%), are likely to outperform the rest of the financial services market in 2012, and homebuilders could see a "start of the return to normal," according to a report from FBR Financial Services (FBRC: 2.04 0.00%). The investment bank predicted new...
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Ginnie Mae reported .18 billion in net income for the fiscal year 2011, more than double the 1 million the year before. Ginnie guarantees timely payment of principal of interest on securities backed primarily by Federal Housing Administration and Veterans Affairs loans. The previous earnings high came at million in 2008. Revenues slightly increased...
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There were 34,239 new and existing homes and condos sold in California in August, down 14% from last year, according to MDA DataQuick, a San Diego-based real estate data provider. Home sales were 2.7% from July as well. The median price paid for a California home in August reached 0,000, up 4.4% from last...
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Fannie Mae’s mortgage portfolio through July is up 4.1% from the year ago yet down somewhat from June, and the GSE issued nearly half the mortgage-backed securities during the month than in did last July. Fannie ended July with gross holdings of nearly 2 billion. That figure stood at 0.4 billion last year and...
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First on housing … When the July existing home sales data is released, will we see 12 months of supply? Double-digits supply is a given. The high for this cycle was 11.2 months back in 2008, and based on preliminary reports, I think a new high is very likely and 12 months of supply...
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Question by 2 CURIOUS: I cant afford a four year degree in Real Estate or Finance, but to get into property managment I read you have? to have a four year degree in real estate, finance, business managment, accounting, or liberal arts. I really want to get experience in real estate, but people usually...
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Question by manandmachine: Is there any limits on the number of short stock sales per year? Is there any limits on the number of short stock sales you can have in a year or any given period? This year I have been doing a number of short sales. I am afraid next year when...
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Question by parafly9: How many short sales occur every year in the united states? How many short sales of properties occur every year in the United States? Historical data would be awesome too. I’m having a hard time finding this information. Best answer: Answer by dusty_titusPlenty of info – just google “short sale” Give...
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