Charlotte REO Specialist – Nancy Braun

Charlotte REO Specialist – Nancy Braun header image 4

Entries Tagged as 'Foreclosures'

Over 1 million Americans seen losing homes in 2011

January 14th, 2011 · No Comments · In the News

After a record 1 million home foreclosures in 2010, this year is likely to be even worse Article by Janna Herron, AP Real Estate Writer, On Thursday January 13, 2011, 3:21 pm EST NEW YORK (AP) — The bleakest year in the foreclosure crisis has only just begun. Lenders are poised to take back more [...]

  • Share/Bookmark

[Read more →]

Tags:····················

Charlotte Business Journal: “Mecklenburg, Union worst for foreclosure”

January 13th, 2011 · No Comments · Charlotte Foreclosures, In the News

According to an article published today in the Charlotte Business Journal, Mecklenburg and Union counties had the highest frequency of foreclosures in the state last year, with one in 34 housing units facing repossession. The following is an excerpt from the article: The statewide average was one in 63 units, according to the data compiled [...]

  • Share/Bookmark

[Read more →]

Tags:·················

RealtyTrac: More Than One Million Homes Seized by Lenders in 2010 (DSNews)

January 13th, 2011 · No Comments · In the News

In an article published today by DSNews it was reported that lenders repossessed 1,050,500 homes last year, according to the 2010 end-of-year foreclosure report from RealtyTrac. The following is an excerpt from this article: “The annual figure marks a record-high number of new bank-owned properties tracked by the company. The 2010 tally is up 14 [...]

  • Share/Bookmark

[Read more →]

Tags:·····················

HomePath Mortgage and HomePath Renovation Mortgage Enhancements

December 29th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

The following is an announcement from Fannie Mae regarding new Homepath Mortgage & Renovation Mortgage Enhancements: HomePath Mortgage and HomePath Renovation Mortgage Enhancements “Based on lender feedback and REO market needs, we have enhanced both our HomePath Mortgage® and HomePath Renovation Mortgage®. Enhancements are effective for loans delivered on or after February 1, 2011. For [...]

  • Share/Bookmark

[Read more →]

Tags:·························

CoreLogic Estimates $11B Lost to Mortgage Fraud in 2010

December 29th, 2010 · No Comments · In the News

The research firm CoreLogic has released its official assessment of the monetary toll mortgage fraud has had on the industry in 2010. According to the CoreLogic Fraud Index, fraud losses for this year are estimated to be $11 billion. That figure is actually down from $14 billion in fraud losses during the 2009 calendar year [...]

  • Share/Bookmark

[Read more →]

Tags:·······················

New Regulatory Rule to Support Foreclosure-Ridden Neighborhoods (DSNews)

December 16th, 2010 · No Comments · Charlotte Foreclosures, In the News

The federal bank and thrift regulatory agencies on Wednesday announced changes to the Community Reinvestment Act (CRA) parameters in support of stabilizing communities affected by high foreclosure levels. The final rule was issued by the Federal Reserve, FDIC, Office of the Comptroller of the Currency, and the Office of Thrift Supervision, and it encourages depository [...]

  • Share/Bookmark

[Read more →]

Tags:·····················

Interest Rate RoundUp, Mortgage Rates on the Rise

December 15th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, How to Find Foreclosures, In the News

The election is over and so is the need to keep interest rates artificially low. If we absorb the pain now, we’ll be less likely to remember it during the 2012 election. Don’t wait! Rates are rising! Interest Rate Roundup for Dec. 2, 2010 from Bankrate.com Mortgages 4.71% (30-year fixed) 0.36 (average points) Here’s a [...]

  • Share/Bookmark

[Read more →]

Tags:························

2010 Analysis of Foreclosure Inventory by State

December 14th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

2010 Analysis of Foreclosure Inventory by State Data covers about 46 million first-lien mortgages on 1-4 unit residential properties. The subprime sample of the survey totaled about 6 million loans. Using Census Bureau and other industrey data, the NDS is estimated to cover around 80 to 85 percent of the approximate 50 million loans outstanding [...]

  • Share/Bookmark

[Read more →]

Tags:··············

Mortgage rates continue to rise

December 13th, 2010 · No Comments · Charlotte Real Estate Investment, In the News

Mortgage rates have continued their month-long climb, with long-term rates rising for the fourth consecutive week. A 30-year fixed-rate mortgage averaged 4.61 percent in the week ending Dec. 9, according to Freddie Mac (OTCBB:FMCC), up from 4.46 percent last week. A 15-year fixed-rate mortgage averaged 3.96 percent, up from 3.81 percent a week ago. The [...]

  • Share/Bookmark

[Read more →]

Tags:················

Forecast for Housing and the Economy: Dim

November 30th, 2010 · No Comments · In the News

The following is an excerpt of the article, “Moody’s Forecast for Housing and the Economy: Dim” by Carrie Bay for DSNews: The analysts at Moody’s Investors Service are downbeat in their outlook for both the U.S. economy and the housing market. In the agency’s ResiLandscape report issued last week, they warn that there’s a stronger [...]

  • Share/Bookmark

[Read more →]

Tags:··················