Salem-News.com Real Estate articles Page 4

Corelogic Releases 2010 Mortgage Fraud Trends Report

Risk decreased 25 percent since 2007, yet one in 200 loans still contain misrepresentations that lead to default.

(SANTA ANA, Calif.) - CoreLogic announced the release of its 2010 Mortgage Fraud Trends Report, a detailed analysis of US mortgage fraud rates and trends.

The CoreLogic Fraud Index™ shows that fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007.

Usury and Mark Scores

If you have not yet reached the stage of bankruptcy or foreclosure, then you have the option to petition your lenders to voluntarily rescind their interest claims.

(EUGENE, Ore.) - On July 1, 2007, a new law came into effect in Oregon which placed a cap on the maximum interest rate that could be charged by “payday” lending operations.

Payday loans are quick cash operations that charge outrageous interest rates to desperate and foolish borrowers. Payday loans are an extreme example of the general operating principals of the major banks in the U.S.

Salem Real Estate News and Trends: Foreclosure Rates March Forward

Also in Salem, the mortgage delinquency rate has increased.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of March over the same period last year.

The foreclosure rate among outstanding mortgage loans is 2.24 percent for the month of March.

How Long Will Negative Equity Last?

Over the next 10 years, the average loan balance will decrease by an annual rate of 3.3%; meanwhile home price are expected to increase at a 3% annual rate over the next decade.

(SALEM, Ore.) - First American CoreLogic estimates that the typical U.S. homeowner who is in a negative equity position will not experience positive equity until late 2015 to early 2016. In some depressed markets, the typical borrower in negative equity may not experience positive equity until 2020 or later.

For the foreseeable future, decline in negative equity is driven slightly more by amortization than by home price appreciation trends.

Foreclosure Rates in Salem Increase

Foreclosure data is based on the actual number of active mortgage loans rather than the total number of households in a given area.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of January over the same period last year, according to First American CoreLogic.

Underwater Mortgages On the Rise

In Salem, 16.0 percent, or 10,897, of all residential properties with a mortgage were in negative equity for Q4 2009., according to First American CoreLogic Q4 2009 Negative Equity Data.

(SALEM, Ore.) - More than 11.3 million, or 24 percent, of all residential properties with mortgages were in negative equity at the end of the fourth quarter of 2009.

This is up from 10.7 million and 23 percent at the end of the third quarter of 2009.

December Home Price Index Shows Narrowing Decline, Slowed Recovery

New report from First American CoreLogic shows home Prices Exhibit "Improving Declines".

(SALEM, Ore.) - National home prices, including distressed sales, declined by 3.7 percent in December 2009 compared to December 2008, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

This was a significant improvement over November's year-over-year price decline of 5.3 percent.

Redline: A Critical Review of the Mortgage Crisis

I drag the story of Daniel Sadek and his ill fated attempts at film making out of the dustbin of recent history in order to raise a question.

(EUGENE, Ore.) - If you haven’t heard of it, Redline is one the worst pieces of filmed entertainment ever made.

Foreclosure Rates in Salem Increase

Information based on the actual number of active mortgage loans rather than the total number of households in a given area.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of December over the same period last year, according to First American CoreLogic.

Home Prices in Salem Continue to Depreciate

November home price index shows further decline, slowed recovery according to newly released first American CoreLogic data.

(SALEM, Ore.) - National home prices, including distressed sales, declined by 5.7 percent in November 2009 compared to November 2008, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

This was an improvement over October's year-over-year price decline of 7.6 percent.