Majority of Americans Believe The Housing Market Still a Buyer’s Market, but...
Americans have, according to Gallup polls, perceived that the nation’s housing market is a buyer’s market since 2003. The trend continues today, with 67 percent of Americans reporting that they believe...
View ArticleIn Chicago, Bank Walkaways Create Blight All on Their Own
While some parts of the country would probably be elated if lenders would be a little more willing to “walk away” from foreclosures, in Chicago, it is turning into a serious problem[1]. According to a...
View ArticleConsumer Mentality Remains “Buy Now, Sell Later”
People who are buying real estate are not, for the most part, buying with a quick flip in mind anymore, according to a survey released yesterday by the Siena College Research Institute (SRI) and the...
View ArticleOverall, Residential Property Values Remain Steady from 2009 to 2010
It seems like every month a new report indicates that residential property values are on the rise or on the decline. However, when you view the past year as a whole, all those rises and dips level out...
View ArticleMERS Under Fire: No Longer Has the Right to Transfer Mortgages or Foreclose
MERS (Mortgage Electronic Registration Systems) was created in the mid 1990s to package and bundle mortgage securities for sale[1]. The goal was to make the transfer of mortgages easier as they were...
View ArticleMortgage Delinquencies Decline Across the U.S.
According to a recent survey released by the Mortgage Bankers Association (MBA), the “latest delinquency numbers represent significant, across-the-board decreases in mortgage delinquency rates in the...
View ArticleDown Payments On the Rise
Last week the Obama administration called for lenders to raise down payments on properties to a minimum of 10 percent on conventional loans, but that number is likely going to be on the low end of the...
View ArticleU.S. Housing Market Could be Approaching the Bottom
According to Jan Hatzius, chief economist of the Goldman Sachs Group in New York, the U.S. housing market could, finally, be approaching the bottom[1]. And that’s good news: “Over the next few years,”...
View ArticleMERS Mess Update: Delaware AG Files Suit Against MERS
Beau Biden, state attorney general (AG) of Delaware, has filed suit against the Mortgage Electronic Registration System (MERS) for deceptive trade practices[1]. Saying that “real property rights have...
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