Tag: foreclosures
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All-Cash Deals Boost Housing Market
More buyers are paying cash for real estate. About 28 percent of sales were all-cash transactions last year, according to the National Association of…
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Home Prices Up… for Now!
According to the S&P/Case-Shiller Home Price Index, national home prices jumped 3.6% in the past year. Prices also climbed 4.4% in the second quarter…
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Delaying Foreclosures Will Cost Lenders
In a letter sent to servicers, Fannie Mae said it will now review the compensatory fees due to servicers in cases where the government…
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Foreclosures Up (Again)!
RealtyTrac reports that in July there were more than 325,000 foreclosure filings — including notices of default, auctions notices and bank repossessions — up…
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Another $3 Billion Down the Drain
President Obama’s Emergency Homeowner Loan Program is about to shovel $3 billion more at foreclosures. One part of the plan, announced Wednesday, includes a…