More than 42% of prospective homebuyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead. “It’s troubling that we’re still in the midst of one of the worst housing recessions in history, and yet prospective buyers continue to have such high expectations for home value appreciation,” said Stan Humphries, …
Monthly Archive
for: ‘October, 2011’
Regulators Take Over Mortgage Insurer
Arizona Takes Over Struggling PMI Group; Move Hits Lenders and Investors A key piece of the nation’s mortgage market is showing new cracks. Arizona regulators have taken over a big mortgage insurer and put restrictions on its claims payments, the latest indication that the housing bust is not finished taking casualties—and that lenders and investors …
Home Sale After Bad Foreclosure Isn’t Valid, Court Rules
October 19, 2011 Home Sale After Bad Foreclosure Isn’t Valid, Court Rules A Massachusetts man who bought property in a faulty foreclosure sale didn’t have the right to bring a court case over the property because he isn’t the owner, the state’s high court ruled. The Supreme Judicial Court, which in January found that banks …
Analysis: New wave of foreclosures to push prices lower
And a fresh drop in home prices is likely to result. Banks have stepped up the pace of home seizures after a year-long slowdown brought on by the “robo-signing” scandal in which banks were accused of seizing properties without a proper review of loan documents. The number of foreclosure filings — which include default notices, …
