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declining real estate market
Prices Post Biggest Drop in Two Years as Foreclosures Depress Market

Home prices in the U.S. continue to tumble. In recent months, that path of descent has become more precipitous as foreclosures claim a larger share of the market.

Residential home prices slipped 2.5 percent during the first quarter of this year when compared to the previous quarter, according to a national index from the Federal Housing Finance Agency    Read More »

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S&P/Case-Shiller Index Shows Improvement in January

The S&P/Case-Shiller Home Price Indices, released Tuesday, showed a 0.8 percent seasonally adjusted month-over-month improvement in January, topping the 0.7 percent gain forecast in a poll of economist conducted by Reuters. On an unadjusted basis, the 20-city composite index    Read More »

Audit Reveals Lack of Quality Control for Pre-Foreclosure Property Inspections

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) released a report detailing the results of an audit performed on pre-foreclosure property inspections. The audit was conducted after the FHFAOIG learned of fraudulent property inspections reports    Read More »

Illinois Posts Decrease in Home Sales; Increase in Price

A new report issued by the Illinois Association of Realtors (IAR) found a decrease in home sales and an increase in median price in February. The IAR noted that median prices increased 6.9 percent, while home sales decreased by    Read More »

Shapiro and Ingle Law Firm Announces New Attorney

Shapiro and Ingle, LLC., a law firm with offices in Alabama and North Carolina, recently announced the hiring of Jackson E. Duncan, III to its Alabama office. Duncan will serve as Managing Attorney.

The post Shapiro and Ingle    Read More »

Mortgage Default Risk Falls in February

The American Enterprise Institute’s (AEI) National Mortgage Risk Index (NMRI), a measure of loans’ default risk under stressful conditions, retreated to 11.6 percent last month from January’s reading of 11.8 percent. To gauge where February’s index lies historically, 1990    Read More »

First Mortgage Balances See Largest Increase in Six Years

Equifax announced its latest National Consumer Credit Trends report on Monday, which showed that the total balance of first mortgages increased by 2.8 percent from last year. The report found the balance increase was the largest year-over-year increase since    Read More »

Unchanged Home Prices Raises Questions

The Data & Analytics division of Black Knight Financial Services (BKFS) reported no monthly change in its Home Price Index (HPI) for January. The latest report from BKFS underlines questions as to where other home price reports—including the monthly    Read More »

Rosenberg & Associates Welcomes 2 New Attorneys

Rosenberg & Associates, LLC. Welcomed two new attorneys to the firm—Caroline Fields and Tracy Leyba. The firm specializes in all manners of law related to real estate law and creditor’s rights.

The post Rosenberg & Associates Welcomes 2    Read More »

Credit Suisse to Pay $885 Million to FHFA

The Federal Housing Finance Agency (FHFA) announced Friday it had settled two separate lawsuits with Credit Suisse alleging violations of federal and state securities laws in connection with private-label mortgae-backed securities (PLS) purchased by Freddie Mac and Fannie Mae    Read More »

Foreclosure Inventory Down by More than Half a Million

The number of loans in foreclosure has dropped by more than 500,000 since last year, according to Black Knight Financial Services (BKFS) “First Look” Report focused on February mortgage data. The Data and Analytics Division of BKFS found that    Read More »

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