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This so-called “shadow” inventory is expected to weigh heavily. So we still think we’re going to see more foreclosures – even with the government’s effort to modify loans and stem this problem.” So.
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2013, Florida, at 9.7%, had the highest foreclosure inventory in the nation as a percentage of all mortgaged homes; New Jersey was second at 7.3%). 5. While definitions of the shadow inventory vary somewhat, the term frequently is used to encompass these categories. Note that this definition does not include bank-owned homes on the resale market.
RealtyTrac reported this morning that foreclosure filings in the third quarter of 2010 rose 4 percent from the previous quarter but were down 1 percent from the same period in 2009. 930,437 homes.
CitiMortgage paying borrowers $12,000 after a short sale discovering relocation home Loans – Securing a home loan, selling ahouse, and finding another one – in a new community within a short time and on alimited budget. executive vicepresident of national sales at CitiMortgage in St. Louis.Fannie Delinquencies Reach All-Time High at 5.52% Fannie Mae issuance drops to lowest level since January 2009 by JON PRIOR Fannie Mae mortgage portfolio continues expansion, up 3.8% in August Fannie Mae serious delinquency rate drops annually for first time since 2007 Fannie Delinquencies Reach All-Time High at 5.52% fannie mae July mortgage portfolio up 4.1% from year earlier, prices two-year deal.Foreclosure starts reach lowest level since 2005 A drop in foreclosure starts and continued gains in home equity as housing prices remain stable are among the highlights of the Obama Administration’s March housing scorecard. foreclosure starts hit their lowest level in February 2014 since the end of 2005 to 51,842 U.S. properties, dropping 9% from January and 27% from a year prior.
Lenders may have inventory of foreclosed homes that have not been released yet. It may be that the process is taking longer, and the REO departments cannot handle the volume, some may have title issues, some might be in a short sale process, or some may be occupied by tenants that just were granted a whole slew of rights through Protecting.
· Shadow inventory in Texas. Foreclosures, shadow inventory, and short sales will always be a part of any market, even when the market is good. However, with foreclosures in Texas being less than .015 of the total number of units available, shadow inventory and short sales have not had the impact that they have had in other states.
· A surprise uptick in home foreclosures by banks might mean that the long-discussed "shadow inventory" is finally coming to the residential housing market. Thirty.
Number of Americans in foreclosure plummets: LPS Lender Processing Services (LPS), Jacksonville, Fla., reported that by the end of October 2010 the total U.S. foreclosure inventory rate reached 3.92%, marking an all time high in the size of the inventory – which now equals 7.4 times the historical averages and continues to rise.Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million Fannie, Freddie loans hit series high in National Mortgage Risk Index A conforming mortgage meets the requirements for loans that Fannie Mae and Freddie Mac. to adopt this new, national down payment requirement, even in markets where home prices are declining, · However, the number of total housing starts in 2015 reached its highest level since 2007 (1.11 million in 2015). Whether this bodes well for another strong year in 2016 remains to be seen, says Frank Shaw, a business analyst with the Economic & Strategic Research Group (ESR) at Fannie Mae.