Tag Archive | housing crisis

Fewer Than 1% of New Loans Troubled

For the first time since May of 2007, fewer than 1% of new loans are classified as ‘problem’ mortgages, according to a new report from Lender Processing Services. The mortgage analytics firm paints a picture of fewer troubled loans and even says with new problem loans in March coming in at 0.84%, the rate is […]

Housing Giving Off Mixed Signals: Are we recovering or not?

Housing has been a tremendous drag on the overall economy, and while the ink is not yet dry on the history books, fingers are still pointing in every which direction, and there is not a consensus regarding when the sector will be recovered, but the emerging consensus is that the recovery process has begun. We […]

Signs of a Housing Recovery in Your Neighborhood

Just because all the talking heads are saying “housing is back!” doesn’t mean everyone is buying it. There’s a high degree of skepticism surrounding the housing recovery, according to a recent survey by the MacArthur Foundation. According to the survey, 77 percent of homeowners don’t believe the housing crisis is over, with some saying the […]

Homeowners to Get Foreclosure Settlement Payments Starting Friday

Borrowers whose homes were in foreclosure in 2009 or 2010 can expect to receive between $300 and $125,000 under settlements reached between top banks and regulators earlier this year. The payments will begin going out on Friday, April 14th, the Federal Reserve and the Office of the Comptroller of the Currency said on Tuesday. The […]

Survey Shows Americans Are Upbeat About Housing

Fannie Mae: Consumers expect home prices and mortgage rates to rise. Americans continued to view housing as a relative bright spot in the economy, even as their sentiment towards the broader economy and household finances limped along, according to Fannie Mae’s February 2013 National Housing Survey. Americans who believe home prices will increase over the […]