Your Daily Dose from DSNews.com


Email not displaying correctly? View it in your browser.
DS News
Cities in California, Florida, and Nevada are still home to the 10 metro areas with the highest foreclosure rates, according to a new report released Wednesday by RealtyTrac. But rising unemployment and a new round of mortgage resets have initiated a gradual shift in the nation's foreclosure epicenters, away from the hot spots of the last two years, toward cities that, until now, could claim relatively small foreclosure numbers.
Read More

A House panel is issuing subpoenas to get to the bottom of Countrywide's lending practices and VIP mortgage program. But new allegations by nearly 10,000 borrowers suggest the firm's records are full of holes and fake filings, part of a pattern of fraud by company officers.
Read More

Home prices overall have improved now for seven straight months, according to one leading industry barometer - a definitive vote of confidence for the nation's housing recovery. The Standard & Poor's Case-Shiller Home Price Index released Tuesday once again showed moderation in the annual declines of residential prices. August readings for S&P's 10-city and 20-city composites were down by 10.6 percent and 11.3 percent, respectively, compared to the same month last year, and both posted month-to-month gains.
Read More

There have been plenty of parallels drawn between the current downturn and the 1930s, but here's another jarring one: U.S. banks are now charging off loan debts faster than they did in the early years of the Great Depression, according to Moody's Investors Service. Banks have charged off $116 billion in loans so far this year, nearly three percent of all outstanding loans. Similar charge-offs accounted for only about 2.3 percent of outstanding loans in 1932, the Great Depression's third year.
Read More

Recent News

Visit BidTrackerPro.com
You are receving this email because you opted in at our website dsnews.com.


Our mailing address is:
DS News
2603 Oak Lawn Avenue
Suite 500
Dallas, TX 75219

Add us to your address book

Copyright (C) 2009 DS News All rights reserved.

QUICK LINKS
DSNews.com
DS News' Red Book
DS News' Black Book
2009 Five Star Conference
DARE
=Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia

Comments

Popular Posts