Tag Archive | loans

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 […]

Consumer Bureau to Crack Down on Mortgage Servicers

WASHINGTON (CNNMoney) — The Consumer Financial Protection Bureau announced Tuesday that it’s considering new rules aimed at mortgage servicers to help protect consumers against “costly surprises.” The bureau’s new rules will require servicers to issue mortgage statements that are more clear, as well as better disclosures about any fees or changes in a loan’s interest […]

Home Prices At Lowest Point In More Than 10 Years

NEW YORK (CNNMoney) — Home prices fell to their lowest point in more than a decade in January, which helped to lift the pace of home sales, according to a report from an industry trade group. The National Association of Realtors reported that the median home price in January fell 2% from December to $154,700. […]

Foreclosures Made Up 20% of Home Sales In 3Q

NEW YORK (CNNMoney) — Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac. That share is a significant decline from the same period in 2010, when foreclosed homes made up 30% of residential sales, but it’s still a far cry from levels seen during healthier […]

Foreclosures Fall to Lowest Level Since 2007

NEW YORK (CNNMoney) — Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=real_estate&cnn_money_section=quigo&page.allowcompete=no&params.styles=fs&page.allowcompete=yes&tile=1326413178356&page.allowcompete=yes&domId=161982 One in every 69 homes had at least one foreclosure filing […]