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Mortgage Rates Fall Following U.S. Government Bailout
Mortgage rates fell dramatically after the announcement of a government takeover of Fannie Mae and Freddie Mac. According to Bankrate.com’s weekly national survey, the average conforming 30-year fixed mortgage rate plunged from 6.55 percent to 6.15...Report Says Subprime Mortgage Crisis Could be Eased If More “Strip-down” Was Allowed
Nearly all debtors who file for bankruptcy under Chapter 13 are homeowners, according to researchers at the University of California, Davis, Graduate School of Management and UC San Diego.Foreclosure Activity Climbs 8% in July
RealtyTrac(R) today released its July 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 272,171 U.S. properties during the month, an 8...Reality Gap, 62% of Homeowners Believe Their Home’s Value has Increased Or Stayed the Same in the Past Year
Despite widely covered housing woes and significant market data to the contrary, homeowners reveal high confidence in the value of their own home with even greater optimism for the next six months, according to the Zillow(R) Q2 Homeowner Confidence Survey(1)...Foreclosure Activity Up 14 Percent in Second Quarter
RealtyTrac(R) the online marketplace for foreclosure properties, today released its Q2 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings were reported on 739,714 U.S. properties during the second quarter, a nearly 14 percent increase...Massachusetts Law Provides a Temporary Lull in Foreclosures
A new law in Massachusetts helped push foreclosure filings to a near-record low in May, with the state recording just 392 filings during the month according to state-wide data service ForeclosuresMass.com. Last month’s filings dropped nearly 89...Michael Jackson Avoids Foreclosure, Neverland Ranch Note Sold to Colony Capital
Michael Jackson today announced that the foreclosure sale of his Neverland Ranch property scheduled for this week has been canceled by Colony Capital, LLC, which just acquired the existing loan on Neverland Ranch from an affiliate of Fortress Investment...Rescuing Homeowners…And The Economy
Eighty-one percent of Americans believe the United States has “seriously gotten off on the wrong track,” according to a new New York Times/CBS poll. Only 21 percent say the overall economy is good condition, “the lowest such number since...
