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If you would have asked me this question a week ago, I would have said no. Most landlords and property managers do not report your rental history to the credit bureaus unless you do not pay and they have to evict you. Last week I was working with a first time home buyer that had… Read More
Fannie Mae issued a news release that warns servicing companies that Fannie will be monitoring all delinquent loans to ensure that foreclosures are being processed within a timely manor. The main purpose of the Fannie Mae announcement was to make the servicing companies aware of Fannie’s intention to get all non-performing loans off there books… Read More
For the 10th time in the last 11 weeks Freddie Mac reported a decline in fixed rate mortgages. The average interest on a 30 year fixed was 4.32% down from last weeks 4.36%. Economists credit the week economy and high unemployment rates. As separate report from Bankrate, which is based on data provided by the… Read More
Today Freddie Mac released the results of their Primary Mortgage Market Survey, and rates continue to reach record lows. “Existing home sales plunged 27 percent in July, while new homes fell 12 percent to a newall-time record low, which led to some market concerns that the housing market may slow the economic recovery. As a… Read More
A recent survey conducted by Trulia and RealtTrac found that the negative sentiment towards buying foreclosed properties has decreased compared to one year ago. With 78 percent of U.S. adults believing there are downsides to buying foreclosed properties compared to 85 percent in May 2009. Among those who think there are negative aspects to purchasing… Read More
RealtyTrac®, an online marketplace for foreclosure properties, released its U.S. Foreclosure Market Report™ for April 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in… Read More
According to Zillow’s Real Estate Market Reports for March 2010, Redding home values were Up 0.23% compared to February 2010 and down 13.97% compared to March 2009. I am not sure how accurate the numbers from Zillow are, but it is interesting to track.
ForeclosureRadar.com just released its April 2010 California Foreclosure Report. Their report is statewide and broken down by county. Here are some of the stats from Shasta County. Notice of Defaults, the start of the foreclosure process, increased by only one notice. April 2010 had a total of 150 NOD’s filed compared to last month’s 149…. Read More
Pending Home Sales National Association of Realtors reported today that Pending home sales increased in March for the third straight month.
Fannie Mae will only consider offers from buyers using public funds during the First Look marketing period, typically the first 15 days a property is listed.
