Articles About Residential

Author:
Mike Ochs
Posted:
03.26.2012

Foreclosures Decline, But Expect a Spike Thanks to Banks Settlement

Foreclosure filings declined eight percent in February, the smallest year-over-year decrease since October 2010, as lenders began working through a backlog of seized properties, according to RealtyTrac Inc. A total of 206,900 homes received notices of default, auction or repossession last month, down two percent from January, according to the data firm, which noted that […]

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Author:
Mike Ochs
Posted:
03.12.2012

Pending Home Sales Rose Two Percent in January

The Pending Home Sales Index grew by two percent during January from the previous month to 97.0 — considerably above the 1.1 percent growth forecast by economists.  The index has risen eight percent when compared with one year ago.  Relaxed mortgage lending criteria, historically low interest rates and an improving labor market contributed to this […]

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Author:
Tom Silva
Posted:
03.06.2012

Jafer Hasnain: The Housing Crisis: Where Do We Stand?

With home sales increasing in six of the last nine months and prices still 30 percent below the peak, the housing market is quite confounding.  That’s the opinion of Jafer Hasnain, Principal and co-founder of Lifeline Assets, a private equity firm that invests in single-family homes. In a recent interview for the Alter NOW Podcasts, […]

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Author:
Mike Ochs
Posted:
02.21.2012

As Foreclosures Decline, Federal Government Makes Deal With 49 States

In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to.  The deal won praise from such groups as the Mortgage Bankers Association, the industry trade group for lenders, and the Center for Responsible Lending, a public interest group advocating […]

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Author:
Mark McDowell
Posted:
02.15.2012

LED Lightbulbs More Affordable, Easy on the Electric Bill

If you’d like to slash your electric bill, switch to the LED light bulb, the “light-emitting diode” that General Electric invented 50 years ago.  Now, LED bulbs are the focus of intense competition among all of the major lighting manufacturers.  “There are two races going on,” said Todd Manegold, LED product manager for Philips Electric. […]

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Author:
Tom Silva
Posted:
02.13.2012

What’s Wrong With Homeowners Defaulting? Companies Do It all the Time

When we say that a company “went bankrupt,” we imply that it had no other choice. But American Airlines deliberately filed for bankruptcy. The airline had four billion dollars in the bank and was in a position to pay its bills. American has been losing money for some time and its board decided that it […]

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Author:
Tom Silva
Posted:
01.24.2012

Government Wants to Sell Foreclosed Properties in Bulk as Rentals

The Obama administration plans to work closely with federal regulators, Fannie Mae and Freddie Mac to start a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials. There currently are approximately 250,000 foreclosed properties on the books of Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA), […]

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Author:
Mike Ochs
Posted:
01.03.2012

New Housing Market Showing Some Strength

Confidence in American homebuilders rose in December for the third consecutive month, a sign that the housing market is finally stabilizing.  The National Association of Home Builders/Wells Fargo (NAHB) Housing Market Index (HMI) of builder confidence climbed to 21 — the highest level since May 2010 — from a revised 19 in November.   Economists […]

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Author:
Mike Ochs
Posted:
12.06.2011

Home Delinquencies Fall; Foreclosures Rise

Fewer borrowers currently are delinquent on their home loans, a Mortgage Bankers Association (MBA) report shows.  Curiously, new foreclosures are rising in states like California.  This is evidence that the nation still must endure significant pain before the housing crisis finally comes to an end.  According to some analysts, the nation is only halfway through […]

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Author:
Mike Ochs
Posted:
11.10.2011

Federal Regulators Floating the Idea of 20 Percent Downpayment Mortgages

Is a 20 percent downpayment on a house or condominium on the horizon?  If some federal regulators get their way, buyers may have to put down $60,000 on a $300,000 house to get the best possible mortgage interest rate.  Although this sets the bar high, regulators believe it will prevent the risky lending practices that […]

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