Shadow inventory declines by 1.2 million in 2012

"Inventory levels have been trending down since setting a record of just over four million in July 2007. Currently, there are 2.43 million homes on the market, which is 19.3 percent below a year.

The best way out of a deflationary cycle is by way of INFLATION. As a result, I personally believe that median home values will continue to increase this year possibly even more so than in 2012 as long as the "Shadow Inventory" continues to be artifically suppressed right along with the incredibly low interest rates today.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million In August, BofA agreed to a $16.65 billion settlement over toxic mortgages, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and Freddie Mac.

All signs point to an improved housing market-home values are up by about 30 percent since 2012, they’re selling faster, and overall demand is high. But this recovery has led to a dramatic.

Monday Morning Cup of Coffee: New capital for negative equity As HousingWire reported in the Monday Morning Cup of Coffee, the committee increased the minimum common-equity requirement to 4.5% from 2% and stipulated banks hold a capital conservation buffer of 2.5% to withstand potential stress, raising the total common-equity requirement to 7%.New York AG to sue wells fargo and Bank of America  · New York AG to sue Wells Fargo and Bank of America Supreme Court to consider Miami’s predatory lending suit against Bank of America, Wells Fargo Wells Fargo, Bank of America reveal true impact of.

Shadow inventory sales for years to come – 1.6 million distress sales in 2010, 1.6 million in 2011, and 1.5 million in 2012. By summer of 2011 REO pipeline will rise to 536,000. Posted by mybudget360 in banks , debt , mortgages , real estate

Austin-area home sales hit 7-year high The report also included figures for all of 2012, during which 22,946 austin-area single-family homes were sold, which is 19 percent more than 2011. Over the course of the year, the median price of homes in the Austin area increased six percent to $205,000 and homes spent an average of 69 days on the market, 15 days fewer than 2011.

“The decline in unsold listings and vacant homes and. as they negotiated for more than a year with state attorneys general. A shadow inventory of an estimated 1.6 million homes either facing.

"As of December 2013, we estimate that there were about 2.3mn housing units in shadow inventory, down from 2.9mn units in December 2012," wrote Barclays Michael Gapen in his 2014-15 US Housing.

By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick "Shadow inventory," the number of homes that are either in foreclosure or are likely to end up in foreclosure, creates substantial but hidden pressure on housing prices and potential losses to.

Shadow housing inventory declined by 1.2 million in the first half of 2012, according to a new study by JPMorgan Chase of the ominous housing stock. The shadow market peaked at six million in 2010, and JPMorgan estimates that banks, through handling troubled mortgages and foreclosed properties, could decrease the shadow markets by as much as two million by the end of 2012.

Only Florida had a higher rate of serious delinquencies, and that fell 1.2. inventory of 2.4 million homes for sale nationwide is dwarfed by the hidden supply, which may number 5.7 million,

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