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Based on what we’ve heard, the settlement between major banks and states’ Attorneys General (AGs), the federal Department of Housing and Urban Development, and the Department of Justice would represent an important step forward in addressing foreclosure abuses. The settlement would include key reforms to clean up unfair mortgage servicing practices. It would also provide an important template Continue reading… AG Settlement: Not Perfect, But Significant Reform of Mortgage Servicing Robert Shiller I’m doing this article as I attend a presentation by Robert Shiller, Yale Economics Professor and Co-Founder of the S&P/Case Shiller Home Price Indices at the S&P Housing Summit 2011, as he discussed “Unusual Factors Influencing the Outlook for the U.S. Housing Market. So it may be a little choppy, but here are Continue reading… Robert Shiller on the Housing Boom and Bust and where home prices are headed Dennis Norman The National Association of REALTORS Pending Home Sales Index for February shows an increase of 2.1 percent in the index from the month before (seasonally adjusted), and a 8.2 percent decrease from a year ago. There were some wide swings regionally in this months statistics as the Northeast region had a 10.9 percent Continue reading… U.S. Pending Home Sales increase slightly in February; mixed results regionally Dennis Norman While many us have been worrying about what is happening to the value of our homes, how to deal with being underwater on a mortgage or even facing the loss of a home, there are many people, families included, in the U.S. whose worry is much more basic….where to find safe shelter for Continue reading… Homelessness in America Dennis Norman As the real estate market and industry continues to struggle to try to pull out of the dumps, another blow could come soon from Congress in the form of new tax burdens on real estate. Congress is proposing that all owners of rental properties be required to complete and file 1099 forms for all Continue reading… Congress Considering New Tax Burdens on Real Estate Mortgage Delinquencies are expected to decrease in many states in 2010; Florida, Arizona, California, New York and Virginia expected to see increases. Dennis Norman According to the Annual Consumer Credit Forecasts issued by TransUnion, Florida is expected to have the highest mortgage delinquency rate by the end of next year at 16.86 percent (up from 13.34 Continue reading… Florida predicted to have highest mortgage delinquency rate next year |
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