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Posts tagged Foreclosures

China Futures Exchange Halts Some Short Sales, Reuters Says

China Futures Exchange Halts Some Short Sales, Reuters Says

*+-The China Financial Futures Exchange suspended 19 accounts from short selling for a month, Reuters reported, citing people it didn’t identify. Trading in stock-index futures remained normal, Reuters cited an exchange spokesman as saying on Friday. The exchange didn’t answer calls or an e-mailed request for comment. The nation’s market regulators unveiled measures this week […]

Home loans replace cash as the main way to buy a house

Home loans replace cash as the main way to buy a house

*+-For the first time since Florida’s housing crash hit full swing in 2009, cash was no longer king during May, a new report shows. lRelated The Dish | Orlando RestaurantsTijuana Flats’ Building Houses from Hot Sauces raises funds for veterans housingSee all related Cash has dominated the real-estate market, with more than half of all […]

Limits on margin trading, short sales eased from June 29

Limits on margin trading, short sales eased from June 29

*+-The amount limits of NT$30 million and NT$20 million on one single TWSE or TPEx-listed securities for an investor are also eased. The measure not only meets an investor’s demand for amount limits and increases the convenience of operations, but also helps securities firms expand their business development, said the TWSE. The FSC has implemented […]

FHA Loan-to-Value (LTV) Limits for 2015 – 2016, Still at 96.5%

FHA Loan-to-Value (LTV) Limits for 2015 – 2016, Still at 96.5%

*+-to see how much you can afford. The Department of Housing and Urban Development (HUD) recently published a new handbook pertaining to FHA home loans. HUD’s Single Family Housing Policy Handbook 4000.1 will become effective on September 14, 2015. So the guidelines it contains will apply to all FHA purchase loans through fall of 2015 […]

Overstock.com Settles Short Sales Litigation

Overstock.com Settles Short Sales Litigation

*+-     JERSEY CITY, N.J. (CN) – Overstock.com’s long-running legal feud with Goldman Sachs has likely reached its final chapter, with the retailer settling with the financial giant over their “naked short sales” of the company’s stock.     Salt Lake City-based Overstock filed its latest complaint against Goldman Sachs and Goldman Sachs Execution Clearing LP in Hudson County Superior […]

Existing Home Sales See Biggest Jump In 6 Years

Existing Home Sales See Biggest Jump In 6 Years

*+-Existing home sales in the United States increased by 5.1% in May year on year to their highest pace in nearly six years, partly fueled by an increase in first time buyers. The latest data from the National Association of Realtors shows that all regions, led by the North East, saw sales increase. They have […]

VA Mortgage Rates Beat FHA And Conventional Mortgage Rates

VA Mortgage Rates Beat FHA And Conventional Mortgage Rates

*+-VA Mortgage Rates Still Cheapest Today’s mortgage interest rates, although rising, remain extra-cheap, making it less expensive to own a home and giving  U.S. homeowners bona fide reasons to start a mortgage refinance. Depending on your loan, your mortgage rates will vary. Mortgage borrowers using VA loans, for example, will find VA mortgage rates markedly lower than rates for […]

USDA Loans Offer 100% Financing To Today’s Mortgage Shoppers

USDA Loans Offer 100% Financing To Today’s Mortgage Shoppers

*+-USDA Loan: A 100% LTV Mortgage Today’s home buyers have a multitude of low- and no-downpayment mortgage programs from which to choose. The FHA’s flagship loan program and Fannie Mae and Freddie Mac’s Conventional 97 both offer downpayment options of less than 5%; as does the FHA’s construction loan, which is formally known as the 203k program. But […]

Phoenix running low on short sale properties as market recovers

Phoenix running low on short sale properties as market recovers

*+-The number of foreclosures and short sales continues to dwindle in the Phoenix area and across the nation. And while this downward trend may be a strong sign of the rebounding housing market, it’s also making housing harder to come by for entry-level home buyers looking for affordable options. “The advantages of buying a short […]

Modesto real estate attorney indicted in alleged short-sale fraud

Modesto real estate attorney indicted in alleged short-sale fraud

*+-A federal grand jury has indicted a Modesto real estate attorney who is accused of orchestrating a short-sale fraud scheme by disguising his ownership of a company used to buy his own homes facing foreclosure. Robert Farrace, 51, is charged with three counts of wire fraud in connection with the alleged short-sale scheme, according to […]

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