U.S. Banks' Foreclosure Holdings Increased 12.5% in Q1
U.S. Banks' Foreclosure Holdings Increased 12.5% in Q1
DSNews, June 4, 2010
Foreclosed property held by U.S. banks increased 12.5 percent to $41.5 billion during the first quarter of this year, according to a recent analysis by SNL Financial, a financial market research firm out of Charlottesville, Virginia
Foreclosure Glut: Is 'Shadow Inventory' Really a Threat?
ABC News, June 7, 2010
Every once in a while, the term "shadow inventory" makes it into the business headlines. Invariably, stories warn of a looming flood of foreclosures that will drag the housing market down as soon as homeowners begin to feel optimistic again. But what is shadow inventory — and is it really such a big threat?
Surge in Foreclosures is Predicted
ABC News, June 6, 2010
The nation's real estate horror story is about to get worse, if a prediction by the industry's leading foreclosure-tracking company comes true. Speaking at the National Association of Real Estate Editor's Spring Journalism Conference here, RealtyTrac senior vice president Rick Sharga revealed that another wave of toxic loan foreclosures is about to rock the market.
Rapper Chamillionaire Ridin’ Into Foreclosure on Houston Mansion
Wall Street Journal, June 4, 2010
Giving back the house has officially gone mainstream, which might have lenders singin’ the blues. Rapper Chamillionaire, known for his song “Ridin’,” became the latest homeowner choosing to default on his mortgage. He abandoned his Houston mansion instead of making payments on a house that’s worth less than what he paid, TMZ reports.