FHA REO inventory up 47% from one year ago

Mortgage Apps Tanked Last Week.. The unadjusted index was 2 percent higher than the same week one year ago.. The share of adjustable rate mortgage (ARM) applications ticked up to 6.8 percent.

Real Estate Owned (REO) FHFA is exploring new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac. The Fannie Mae’s and Freddie Mac’s REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties.

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A Faster Foreclosure Option for Vacant, Abandoned Properties. Blowing It Up and Knocking It Down: The Local and Citywide Effects of.. This edition finds that compared to a year ago many counties in Ohio and West.. suggestion that Federal Housing administration (fha)-insured loans may be "the next subprime.

Early this year, the FHA announced a proposal to reduce allowable seller concessions from 6% to 3%.. REO inventory up over 21% from a year ago. Posted by Sean at 11:12 PM No comments:. All but one year arms hit historic lows, let’s get those buyers off the fence.

Real estate daily market update: January 25, 2018.. higher than the same week one year ago. The refinance share of mortgage activity decreased to 49.4 percent of total applications from 52.2.

It has been almost one year. we see inventory (monthly supply of houses) trending up significantly. This has especially been the case in Vancouver, where in March, the inventory rate more than.

When Secretary of Housing and Urban Development Ben Carson confused REO (or “real estate owned” property) for an Oreo cookie.

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= Stouffville – Months of Inventory Remaining – DOWN 47% from 1 year ago! = Stouffville – Average Sale Price across all home types – UP 31% from Feb 2016! ***Check out this video to see the FULL.

With visible inventory remaining flat at 4.2 million units, the change in shadow inventory increased the total supply of unsold inventory by 3 percent. The total visible and shadow inventory was 6.3.