Housing sector still sluggish WASHINGTON — For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is inching along at less than half the level considered healthy. Single-family home building, the bulk of the market, has dropped 11 percent in that time. Read more on [...]
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BofA Chief Says Bank Still ‘Struggles Mightily’ on Mortgages
BofA Chief Says Bank Still ‘Struggles Mightily’ on Mortgages Bank of America Corp. Chief Executive Officer Brian T. Moynihan told shareholders today the lender is still straining to curtail bad mortgages in a housing market that faces “enormous challenges.” Read more on BusinessWeek
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US housing market still falling
US housing market still falling US property prices fell for the 57th consecutive month in March – and showed their biggest fall in three years, according to analysts at Zillow US house prices dropped by 3% in the first quarter of 2011 – their worst fall in three years, according to housing analysts Zillow.com. American [...]
Housing market still flat in Santa Fe County
Housing market still flat in Santa Fe County JoAnne Vigil Coppler has a short refrain for those waiting for the Santa Fe real-estate market to come back before trying to sell a house. Read more on Santa Fe New Mexican
Consumers still pay cards before mortgages
Consumers still pay cards before mortgages It’s not just mortgages that are upside down. Read more on MSNBC
Residential mortgage default levels still on rise
Residential mortgage default levels still on rise THE NUMBER of defaults in Irish residential mortgages continued to rise in October, according to the latest statistics released yesterday by ratings agency Moody’s. Read more on The Irish Times
Foreclosure sales decline, but housing recovery still has far to go
Foreclosure sales decline, but housing recovery still has far to go Though fewer distressed properties changed hands in the first quarter, many more are in the pipeline, data firm RealtyTrac says. Fewer bank-owned homes and properties in foreclosure sold in the first three months of 2010, according to a report released Tuesday. But experts said [...]
Housing market still fragile
Housing market still fragile WASHINGTON — The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery. Read more on Cape Cod Times
US states still dealing with record repossessions
US states still dealing with record repossessions Home repossessions in the US are still very high. Read more on Calcutta News
My house went to foreclosure, but I still have an open account with one of my lenders. What should I do?
We had 2 loans and our house went to foreclosure. When I called to the second loan, they said that since it wasn’t foreclosure sell – house belongs to the bank, we are still responsible for the second loan. It still a lot of money. We signed the deed when we took the loan and [...]
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