The distressed market is holding housing back

The Federal Reserve says it will complete its purchases of $600 billion in Treasury securities by the end of this month as planned – a program that Fed Chairman Ben Bernanke says has succeeded in keeping mortgage interest rates low. These low interest rates combined with the reduction in home prices endured over the last …

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Decline in Strategic Defaults

The phenomenon of strategic default has become a growing concern for the industry, but a new “Market Insight Snapshot” released by Experian Thursday suggests the percentage of mortgage defaults involving borrowers who decided to simply throw in the towel is trending down. Strategic defaults in the U.S. peaked during the fourth quarter of 2008, accounting …

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Housing Recovery to Precede Economic Recovery

According to Radar Logic, a real estate data and analytics firm, strong job gains will not bolster the housing market despite opinions from economic experts. The New York-based firm predicts that a recovery in housing values will precede a recovery in the economy, spending, and jobs. The U.S. Department of Labor released new figures Friday …

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Mortgage Delinquencies Improve

According to an article by DSNews.com, and amount of mortgage borrowers who are delinquent in their payments has dropped to 6.19 percent (an amount they sourced to TransUnion). This percentage is allotted to the end of the first quarter of 2011, and is down from the 6.41 percent at the end of last year.  The …

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