Current News and Opinion

RealtyTrac VP Discusses Nationwide Analysis of Fixer Bargains By Joel Cone, Staff Writer June 7, 2013 Homebuyers and real estate investors who are willing to purchase a home in need of repair may find less competition and thus be able to buy at a lower price point in some markets around the country. FHA Could Lose $115 Billion By Octavio Nuiry, Senior Staff Writer June 5, 2013 A previously undisclosed stress test has revealed the Federal Housing Administration’s projected losses on defaulted loans could reach as high as $115 billion over 30 years, according to the Wall Street Journal. 7 Tips for Finding, Financing and Fixing Beat-Up Foreclosures By Octavio Nuiry, RealtyTrac Staff Writer June 4, 2013 Rehabbing fixer-upper foreclosures takes some skill, some experience and some money, but it’s a lot easier than you think. Here are seven tips from fixer-upper experts to get you started. 15 Best Cities for Buying Fixer-Upper Bargains By RealtyTrac Staff June 4, 2013 A RealtyTrac analysis found that nationwide there are more than 51,000 potential foreclosure fixer-uppers: bank-owned homes that were built before 1960 and with an estimated market value below $100,000. Fannie Mae Kickbacks ‘a Natural Part of Business,’ Ex-Worker Says By Octavio Nuiry, Senior Staff Writer May 31, 2013 A former foreclosure specialist at mortgage giant Fannie Mae’s Irvine office was caught accepting an $11,200 kickback from an Arizona real estate broker in exchange for steering foreclosure listings to brokers. Principal Forgiveness Would Save Taxpayers Billions By Peter Miller, Contributor May 21, 2013 Principal forgiveness is once again on the menu in Washington, this time spurred on by a new report which says taxpayers could save as much as $2.8 billion if troubled borrowers simply owed less. Where Are The Real Estate Buyers? By Peter Miller, Contributor May 15, 2013 The news on the real estate front is surely looking good. Compared with a year ago, prices are up, sales are higher, and yet more than a few people worry that today’s good news really signals little more than a short-term financial oddity. Do America’s Homeless Still Have a Chance to ‘Dream’? By Joel Cone, Staff Writer May 15, 2013 Twenty in every 10,000 people in the United States on any given night are not realizing their American Dream. America’s 14.2 Million Vacant Homes: A National Crisis By Octavio Nuiry, Senior Staff Writer May 14, 2013 The housing crash and the subsequent foreclosure crisis has saddled the United States with an extraordinary level of vacant properties, inflicting heavy costs to many American communities, according to Federal Reserve Board Governor Elizabeth A. Duke Who Stole the American Dream? By Octavio Nuiry, Senior Staff Writer May 3, 2013 When the Financial Crisis Inquiry Commission issued their final report in 2011, the bi-partisan panel placed blame for the housing and financial crisis on everybody. Print Email

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