Tuesday, November 17, 2015

The real reason foreclosures spiked in October

It is possibly the nastiest consequence of the holiday season. Foreclosures rise now, as banks try to get ahead of the traditional December moratoriums, when they suspend all foreclosures due to the holidays.
from Jo Burley, Real Estate Sales http://ift.tt/1HU86mX
via IFTTT

Thursday, November 5, 2015

Mortgage applications down 3.5% on fewer rate swings

Wide weekly swings in mortgage applications seem to have calmed down, now that new lender regulations have been in place for nearly a month.
from Jo Burley, Real Estate Sales http://ift.tt/1NAdV8b
via IFTTT

Tuesday, November 3, 2015

Drowning homeowners are getting relief

While the number of borrowers in a negative-equity position on their mortgages is still high, at just over 14 million, that number is falling fast, especially for those most seriously underwater.
from Jo Burley, Real Estate Sales http://ift.tt/1KpCkIX
via IFTTT

Sunday, November 1, 2015