Strong housing market helps reduce lingering foreclosure inventory

Tampa Bay continues to rank near the top of the nation in ‘zombie homes’ that have been abandoned are being foreclosed upon by a bank. This home in St. Petersburg was a zombie last year.

Moody’s predicts tougher times for some homebuilders BofA Could Cover Unemployed Borrower Mortgages for 9 Months Moody’s Says US May Wind Down Fannie, Freddie HUD’s Donovan says US Senate housing bill is best chance of reform – His push comes as senate banking committee leaders are negotiating with other senators and aiming to reach a compromise on their bill to wind down government-run mortgage financiers Fannie Mae and.Banks and other lenders would have to reduce the payments to no more than 31 percent of a borrower’s income, which would typically be the amount of unemployment insurance, for three to six months.Moody’s predicts a rise in Australian mortgage delinquencies. By Phil McCarroll. Moody’s predicts the slower growth of house prices will continue as the Australian economy faces some challenges through 2016.. but the fact that people were assessed on a 7.5% interest rate and the servicing criteria was made tougher means there’s.California settlement puts Ocwen on a leash  · In the wake of a 2015 settlement with the California Department of Business Oversight – which forced Ocwen to hire a monitor to oversee their questionable activities – the servicer now claims that the money was used for some extra-curricular, eyebrow-raising, activities. A lawsuit in California State Court accuses the employees of Texas-based Fidelity Information Services (FIS) of.Home price momentum fades in the stretch CIS steel billet: price rises lose momentum as demand. – CIS STEEL BILLET: Price rises lose momentum as demand fades The price trend in the CIS export billet market reversed at the beginning of this week, going downward with buying activity in the major outlets turning sluggish, Fastmarkets heard on Tuesday February 19.Fed tapering timeline shakes rates The $50 billion per month taper would begin in October, and at this rate, the balance sheet would drop below $3 trillion in 2020 at which point the next discussion will be how big should the Fed’s.Celine Dion lists jupiter island estate for $72.5M Grammy-winner Celine Dion has sold her 5.7-acre Jupiter Island estate on the ocean for a recorded $28 million. On the market for nearly four years, the property on South Beach Road has three pools.

Housing Experts Urge Array of Programs to Reduce Foreclosure Inventory. said efforts to reform Fannie Mae and Freddie Mac could upset a very fragile housing market, and should be put off until the housing market stabilizes.. "We need to encourage you, help you, assist you to move to some.

– Thursday, April 19, 2018.. National Delinquencies Fall to 12-Month Low. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.73% in March, down from 4.30% in February.

The white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancings, and short sales to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry; an approach long.

The housing industry has borrowed the zombie name to describe a persistent problem of its own, a monster born out of the previous decade’s financial crisis but still lingering. mortgages in high.

Palm Beach market update. Mortgage rates were still very low at that point, so that may have served as a stimulus to get deals closed. The condo market showed similar strength during the month of April. In Palm Beach County there were 1,407 closed sales in the condo segment, up from 1,347 in March.

Assurant Field Asset Services hires compliance leader new to the field, compliance committee members, Richard Walden talks about ethics and leadership in the world of sports. Mention of products and services does not constitute endorsement.. hired Prakash Kedia as Company Secretary and.. your organization's most precious assets and.

How to Find and Buy a Foreclosed Home Ever since the end of 2010, there has been steadily rising demand in the Phoenix housing market. There have even been cases of bidding wars in several high-demand neighborhoods in the metro area. This helps to reduce inventory in general, and foreclosure inventories in particular. All of which helps sustain, and even boost, home prices in the area.

"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory." Bottom Line. In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.