Ocwen also returned to a profit of $20.2 million profit, or 19 cents per share, for the third quarter from a loss of $13.2 million one year ago. Revenue jumped to $122 million in the third quarter.
More than 28% of US homeowners underwater on their mortgage Aug 28, 2013, 9:01pm PDT An estimated 28 percent of Seattle homeowners were underwater on their mortgages in the second quarter of this year, Zillow Inc. said in a research report.
Inventory was purchased for 1 million and later marked down to 550,000. One of the books, however, was later discovered to be a rare collectible item, and the inventory is now worth an estimated 3 million. The inventory is most likely reported on the balance sheet at: 550,000. 1,000,000. 3,000,000.
Mortgage apps barely move for second week in a row Mortgage rates fell for the second week in a row as unrest in the Middle East, and perhaps more significantly, a spike in oil prices, helped bring fearful investors back into the perceived safety.
Shadow Distressed Inventory Total 1.6 Million – Half of All Inventory Listed Properties The number of distressed properties not currently listed for sale on multiple listing services (MLSs) stood at 1.6 million as of October 2011, according to CoreLogic.
The Wall Street Journal has an article about this shadow inventory today. It explains what’s going on in areas hard-hit by the housing bubble’s pop: Legal snarls, bureaucracy and well-meaning.
The Case-Shiller Home Price Index has fallen steadily since September. Prices in October fell 1.1% and 1.2% from. price declines. Increased U.S. home sales are a sign that home price declines will.
Freddie Mac’s fourth actual loss risk-sharing deal prices wide Please use the following quick reference guide to assist you in completing Freddie Mac Form 91. This form is for. If Actual Expense Method Used (Line 28) + Depreciation If Mileage Method Used (Business Miles, Line 13;. the lender may use a profit and loss statement-audited or unaudited.
Shadow Inventory: A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices.
Shadow Inventory: What is It and How can it Benefit Real Estate Investors? Shadow Inventory: Many investors have been asking me about shadow inventory, what it means for real estate investors, and how it’s affecting the recovery. What is shadow inventory? "Shadow inventory" in real estate refers to properties that are already foreclosed on and bank owned (REO.)
"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.
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.
Current Market Trends – Low Inventory & Shadow Inventory. It’s no secret to anyone who has paid attention to housing markets over the past year that the number of homes for sale has dropped sharply. For Monterey County, this is the nineteenth month in a row that the inventory has declined year-over-year.
Case-Shiller: Home prices continue to slow as housing stalls CFPB names Mulvaney, Hensarling aide Brian Johnson deputy director Hensarling Staffer Headed to CFPB – Manatt, Phelps & Phillips. – Hensarling Staffer Headed to cfpb. financial services law. charles E. Washburn, Jr. Continuing the changing of the guard at the consumer financial protection Bureau (CFPB), the former staff director of the House Financial Services Committee will step into the role of the bureau’s chief of staff. · Home price indices issued by S&P Case-Shiller showed further slowing in home price growth in January. The national home price index showed 4.30 percent home price growth for the three months ended in January. Analysts expected home prices to grow 4.20 percent for the same period in cities surveyed by Case-Shiller.