Home / Tag Archives: REO (page 16)

Tag Archives: REO

Foreclosure Filings Up in July

Foreclosure activity on U.S. housing units showed a 2 percent increase in July from the previous month but was still down 16 percent from the same month last year, according to RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14.

Read More »

Fay Servicing Opens REO Division

Fay Servicing, a Chicago based diversified mortgage company, announced intentions to expand its portfolio by launching an REO division. Glenn Brooks has been selected to head up the new department, serving as Senior Vice President. In that role, Brooks will provide strategic direction and manage outside relationships vital the division’s success.

Read More »

GSEs Foreclosure Prevention Actions Nearly 3.2M through Q1

Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the government's conservatorship of the two companies in 2008. According to the Federal Housing Finance Agency's Foreclosure Prevention Report, 88,000 actions were performed in the first quarter of 2014 alone.

Read More »

May Equity Home Sales Continue to Rise in California

Higher home values have continued to fuel more equity home sales, making up more than 80 percent of all home sales for the past 11 consecutive months, according to the California Association of Realtors (CAR). The group noted that pending home sales receded slightly in May, as investors pulled out of the market due to higher home prices.

Read More »

HOPE NOW: Loan Mods Reach 7 Million Mark; 42k in April

HOPE NOW released its latest data on loan modifications, noting that in April approximately 42,000 homeowners completed a modification for their home's mortgage. All told, the organization reported that more than 7.02 million homeowners have completed home mortgage modifications since the third quarter of 2007.

Read More »

Southern Nevada Home Prices Rebound in May

Local home prices rebounded in Southern Nevada in May despite slight decreases from March to April, according to statistics released by the Greater Las Vegas Association of Realtors (GLVAR). The GLVAR reported that the median price of existing single-family homes in the area was up 1.6 percent from April to $195,000.

Read More »

Foreclosure Filings Fall in May by 5%

Foreclosure filings were reported on roughly 110,000 U.S. properties in May, a 5 percent decrease from April, according to RealtyTrac's latest U.S. Foreclosure Market Report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were down 26 percent year-over-year in May to the lowest level since December 2006.

Read More »

Bank Foreclosures Listed Far Below Regional Selling Prices

RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices.

Read More »

Home Price Appreciation Accelerates; Foreclosure Sales Slow

2015 HUD

U.S. residential properties sold at an estimated annual pace of 5.2 million in April, according to RealtyTrac's April 2014 Residential & Foreclosure Sales Report. April's sales pace is a decrease of less than 1 percent from March, but an increase of 4 percent from April 2013.

Read More »