January 2012
Monthly Archive
31 Jan 2012 09:02 pm
Florida's cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com's top 10 turnaround towns, eight are in the Sunshine State.
31 Jan 2012 06:26 pm
Home prices post steep decline
Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.
30 Jan 2012 01:09 pm
Obama expands foreclosure prevention program
The Obama administration is taking another swing at improving its main foreclosure prevention program.
27 Jan 2012 06:12 pm
The housing recovery that wasn’t
FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.
26 Jan 2012 02:27 pm
New-home sales hit a record low
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
26 Jan 2012 06:40 am
Foreclosures made up 20% of home sales in 3Q
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
25 Jan 2012 08:36 pm
Out of all of the presidential candidates, former Massachusetts Governor Mitt Romney owns the most real estate -- even after unloading a couple of sizable properties.
25 Jan 2012 03:27 pm
Mortgage crimes are focus of new task force
A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama's 2012 agenda.
24 Jan 2012 06:23 am
Has Obama’s housing policy failed?
President Obama is expected to once again offer ways to help the beleaguered housing market in his State of the Union speech Tuesday night.
21 Jan 2012 04:00 am
Starbucks coffee: now served in cargo containers
20 Jan 2012 04:10 pm
Real estate consumers tell it like it is
20 Jan 2012 04:07 pm
Don’t believe the good news in housing
20 Jan 2012 03:30 pm
Real estate sales end 2011 on positive note (CHART)
20 Jan 2012 02:03 pm
When it comes to ‘mobilizing’ websites, real estate industry lags
20 Jan 2012 01:50 pm
New IRS regulations impact owners of rental, investment properties
20 Jan 2012 12:53 pm
Tools to avoid a social media disaster
20 Jan 2012 12:29 pm
Tug of war over mortgage rates
20 Jan 2012 12:21 pm
Tips for constructing a ledger board deck
19 Jan 2012 03:35 pm
Hot rental market offers real estate opportunity
19 Jan 2012 02:39 pm
10 winning traits for real estate agents
19 Jan 2012 02:26 pm
When it makes sense to keep an underwater home
19 Jan 2012 02:17 pm
Tenant endures retaliation for ‘fix-it ticket’
19 Jan 2012 01:10 pm
6 steps to grow your real estate business in 2012
19 Jan 2012 01:00 pm
Zillow rolls out social real estate shopping tool
19 Jan 2012 12:15 pm
Top 10 US metro areas with steepest home-price cuts in 2011
19 Jan 2012 11:36 am
Spy some real estate savings: spyRealty
19 Jan 2012 11:05 am
RPost provides mobile e-signature, registered email services
18 Jan 2012 05:14 pm
Some real estate pros take aim at anti-piracy legislation
18 Jan 2012 04:24 pm
Mobile real estate trends in 2012
18 Jan 2012 02:01 pm
Effects of HARP 2.0 To Be Visible In Feb 2012
Servicers have been altering their operations to adjust the changes announced by the Federal Housing Finance Agency to HARP in October 2011. For the eligible borrowers certain things were eliminated e.g. loan-to-value ratio caps, upfront fees and warranty claims on the old loan file. When the HARP was launched in March 2009, about 0.8 million Fannie Mae and Freddie Mac borrowers could get their loans refinanced with lower rates. However, only about seven percent of these borrowers had loan-to-value ratio caps above 105%.
According to the Bank of America Merrill Lynch analysts, during the month of December, prepayments slowed and dropped by 6%. According to an analyst of Bank of America Merrill Lynch, they expected an uneventful month in January and February is to provide the first quick look into the prospects of HARP. There are rumors that the White House is going to launch another program in order to promote more refinancing.
According to an analyst at JPMorgan Chase, modifying all coupon stacks of mortgage-backed securities would violate the prospectus. For such an action, the loans need to be at the risk of default. As per the analyst, if a refinancing wave on GSE loans is started by the White House and everything is to be moved into a 4% mortgage, it would only give annual savings for borrowers of around $25 billion to $30 billion. He further added that this would only be a transfer of wealth from investors to borrowers – also that compared with overall economy, the dollar savings of such a move would be small. Theoretically, HARP 2.0 is going to resolve issues of many refinancing hurdles.
If you want any help in a short sale, Short sales in New Castle, you can seek help and education from me which is necessary to make educated decisions. If you would like a free PRIVATE consultation please email me at homes4keep@yahoo.com. – Pearl
