thestatedtruth.com | April 30, 2013
The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low. It now sits at 65% which is it’s lowest rate since 1995! www.zerohedge.com
Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street |
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Tags: bank owned, Buy, home ownership %, Rael Estate, Repo, Shor tsale
thestatedtruth.com | October 30, 2010
This article from the Wall Street Journal:   No matter how you slice it, the housing market faces almost nine years of foreclosure hangover. That means materially lower prices are likely from here with a chance we fall off a cliff when (not if) the next economic dislocation shows up.  October 30, 2010  By Mark Whitehouse 107: Is […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street |
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Tags: bank owned, foreclosures, Real Estate
thestatedtruth.com | October 14, 2010
Let’s review this again……..the banks are run by people with prehistoric dinosaur brains* (but then again so are the homeowners)! Lets see, these homeowners bought the house for $500,000 in 2001 and then borrowed everything out of it with an $880,000 no interest loan, so who made the loan, right if you said the banks, the stupid […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street, World News |
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Tags: bank owned, fraud, squatters
thestatedtruth.com | October 6, 2010
By DAVID STREITFELD and GRETCHEN MORGENSON Published: October 6, 2010 The uproar over bad conduct by mortgage lenders intensified Tuesday, as lawmakers in Washington requested a federal investigation and the attorney general in Texas joined a chorus of state law enforcement figures calling for freezes on all foreclosures. Representative Nancy Pelosi, the House speaker, and […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
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Tags: bank owned, foreclosures, mortgage fraud
thestatedtruth.com | October 1, 2010
By ALAN ZIBEL October 1, 2010 WASHINGTON -Â Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
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Tags: bad mortgages, bank owned, foreclosures
thestatedtruth.com | September 16, 2010
U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc. Bank repossessions climbed 25 percent from a year earlier to 95,364, the most since the Irvine, California-based data provider began keeping records. “We’re on track […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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Tags: bank owned, foreclosures, Real Estate, repos
thestatedtruth.com | September 15, 2010
Bloomberg     09-15-2010 The slide in U.S. home prices may have another three years to go as sellers add as many as 12 million more properties to the market. Shadow inventory — the supply of homes in default or foreclosure that may be offered for sale — is preventing prices from bottoming after a 28 percent […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate |
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Tags: bank owned, foreclosures, Real Estate