Mortgages

Millions of Older Americans at Risk of Losing their Homes to Foreclosure

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home / By

Over three million older Americans are at risk of losing their homes through foreclosure, this according to the study “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis” conducted by the AARP Public Policy Institute. The AARP Public Policy Institute study measures the progression of the mortgage crisis and its effect on older …

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Fewer Underwater Homeowners in Maryland in Q1 2012 – CoreLogic Reports

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CoreLogic reports that out of 1,353,647 mortgages in Maryland, 335,285 or 24.8% were negative equity mortgages or underwater in the first quarter of 2012. This data is an improvement from the 365,000 in the 4th quarter of 2011. In the first quarter of 2012, therefore, one in four borrowers in Maryland owed more on their …

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First-Time Home Buyers Decreased by 20% Since 2009 – Study Says

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While some analysts say that the collapsed in home-price bubble could result to turning would-be first-time homeowners into permanent renters, other economists and real estate experts say that would-be home buyers have not given up on real estate as an investment. A recent study of John Burns Real Estate Consulting forecasts that the homeownership rate …

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New Foreclosures Rise to 9% in 2nd Quarter of 2012 – RealtyTrac Reports

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home, Short Sales / By

U.S. mortgage servicers and lenders are notifying more delinquent homeowners that they are facing foreclosure, this according to RealtyTrac’s Midyear 2012 Foreclosure Market Report. RealtyTrac reported that foreclosure process has been started in the second quarter of this year in 311,010 U.S. housing units. According to RealtyTrac, this is a 9% rise from the preceding …

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Housing Market Confidence among Americans Continues to Rise – Fannie Mae Survey Says

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Results from Fannie Mae’s June 2012 National Housing Survey show that housing market confidence among Americans continues to trend in a positive direction. The positive outlook of Americans towards the housing market, according to Fannie Mae’s latest survey, was buoyed by historically low level of interest rates and low home prices. Doug Duncan, senior vice …

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