Short Sales Cost Lenders $310m More Than Necessary, CoreLogic Study Finds

Sen. Warren sounds the alarm on irresponsible housing reform We were encouraged by what we heard from Senators Elizabeth Warren, Bernie Sanders, Sherrod Brown, Cory Booker, and others on Capitol Hill. We gave Senator Warren feedback on her American Housing and Affordability Act, which she has introduced in the Senate. This bill is an important first step, but we need Congress to go further.

Short Sales Cost Lenders $310m More Than Necessary, CoreLogic study finds home-price drops said to reflect overcorrection – "You pay 11 cents on the dollar in mortgage costs. a willing buyer and the necessary comparable sales, but the appraisal came in $10,000 short, killing the deal. The home was appraised at $194,000,

Lenders Out $310M from ‘Preventable’ Short Sale Losses: CoreLogic August 10, 2010 The number of short sales has more than tripled since 2008, with the estimated annual volume now at 400,000.

CoreLogic 2011 Short Sale Research Study Highlights. Following are key findings from the study: It is estimated that lenders, servicers and investors may incur potential losses in excess of $375 million in 2011 due to suspicious short sale transactions. This is up more than 20 percent from $310 million in estimated losses for 2010.

Look down, N.J., the land you live on is the most valuable in America, study finds. New Jersey’s land is worth more per acre than any other state, according to a report, and the state’s overall land value ranks among the top in the nation.

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Erik Weichelt, president of the San Diego Association of Realtors, said low rates, still-low prices and quicker action on short sales – selling for less than the outstanding mortgage balance.

Home affordability drops in second quarter As a result of the price increase, from $204,810 in the first quarter to $230,937 in the second quarter, a typical FTHB’s annual payment as percentage of income rose from 35.2 percent to 39.1.

A Low Cost Methodology for Correcting the Distressed Sales Bias . in a Downward Spiraling Housing Market . Craig A. Depken, II . Department of Economics .. REO sales and CoreLogic to infer short sales or properties in default. 2.

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Despite "record" second quarter, zillow posts .48 million loss LTV Corp., a Dallas-based conglomerate and the nation’s second-largest steelmaker, lost a record $378.2 million in 1984-more than double its loss in 1983-primarily because of the continuing slump in its key steel and energy-equipment markets, company officials said Friday.

Short Sale Negotiations|Seller Cash Contribution Negotiation With Short Sale Lenders In working in the short sale arena for the last five plus years, I have seen lenders do just about everything when it comes to negotiating short sales with home owners.