Content for this blog is my giveback to those who need the information the most.
March New Loan Default Summary
Total CA Foreclosures — At 1.5 Year Lows
Total CA new Defaults – Surging
Subprime — Declining
Alt-A — Constantly Rising
Pay Option ARM – Surging, Despite Wachovia being on Moratorium
Jumbo Prime – Relentless
Super Jumbo – Surging
Fannie – Freddie – [...]
Below is an MSA level look at the default, foreclosure and housing market in San Diego from a recent report of all CA MSA’s. All CA MSA’s look the same. Even down to the street and city level, foreclosure pipeline supply is greater than present demand and pipeline supply is only one form. In the [...]
Distressed Whole Mortgage Loans & Real Estate
Every day across the nation investors purchase properties that go to courthouse foreclosure sales — trustee sale. Sadly, due to lack of third-party interest — mostly related to the opaqueness of the foreclosure market and process — most properties are taken back as REO by the bank/servicer. In [...]
- Forward Look at Defaults, Foreclosures and Balance Sheet Losses
- Wells & Wachovia Defaults & Foreclosures Highlighted
- Home Sales are not as Strong as Most Think
- Negative Housing y-o-y Comp Sales Likely Soon
** For those of you that Twitter – my name is MrMortgageTRUTH
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With proprietary default and foreclosure data only available to a select number of [...]
Ten’s of thousands of foreclosures are only 1-5 months away from hitting that will take total foreclosure counts back to all-time highs. This will flood an already beaten-bloody real estate market with even more supply just in time for the Spring/Summer home selling season – great timing!
