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You're Now Reading:
Shadow Inventory Gets a Little Smaller
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Shadow Inventory Gets a Little Smaller
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Shadow Inventory Gets a Little Smaller
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June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

June 23, 2011 (Chris Moore)

The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales.

CoreLogic estimates the total shadow inventory and visible inventory to be 5.8 million units in April 2011. That amount is down from an estimated 6.2 million units in April 2010. Shadow inventory are properties that are in some stage of foreclosure but are not yet listed for sale.

Although CoreLogic’s estimates of foreclosure inventories are less than those released yesterday by Lender Processing Service (LPS), data from both real estate information providers shows a downward trend in foreclosure inventories.

The current shadow inventory consists of 790,000 units that are seriously delinquent, 90 days of more behind in payments, 440,000 units that are in some stage of foreclosure and 440,000 units that are already in REO.

CoreLogic estimates that the shadow inventory peaked at 2 million units in January 2010.

Mark Fleming, chief economist for CoreLogic, stated, “The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent loans in recent months. However, it will probably take several years for the shadow inventory to be absorbed given the long timelines in processing and completing foreclosures.”

The report also notes that an estimated 2 million units currently have underwater loans which are at increased risk of entering the shadow inventory if the owners’ ability to pay is impaired.

Tags: CoreLogic, shadow inventory, delinquencies, distress property, visible inventory, REO, underwater loans

Source:
CoreLogic

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.