Pair of Economists Advises, Hasten Foreclosures, Don't Delay Them

March 2009
National Mortgage News;3/9/2009, Vol. 33 Issue 23, p13
Trade Publication
The article reports on the statement of John Burns, a Southern California consultant, and Larry Miller, a real estate professor, about foreclosures in the U.S. Speaking at the annual Midwinter Housing Finance Conference, Burns said that the number of repossessions will run at an annual rate of 2.5 million through 2012. Meanwhile, Miller stated that only 10%-15% of those homeowners who are in danger of losing their homes can be helped by the Obama administration's plan to rework their loans.


Related Articles

  • 'Shadow' Inventory Increases by 55%.  // American Banker;12/21/2009, Vol. 174 Issue 225, p8 

    The author reports that the "shadow" inventory of U.S. homes has risen 55 percent from 2008. The "shadow" inventory of homes refers to those that are repossessed or will go into foreclosure that are not part of traditional supply measures. "Visible supply" homes or homes for sale dropped 19...

  • ENHANCING THE APPEARANCE.  // National Mortgage News;5/10/2010, Vol. 34 Issue 32, p13 

    The article reports on the findings by Standard & Poor's Corp. regarding the liquidation rate on repossessed properties and pending foreclosures in the U.S. It states the deal with the blurry liquidation rate and the use of field service companies and property preservation firms which renovate...

  • California Leading U.S. Out of Housing Bust It Started.  // National Mortgage News;11/22/2012, Vol. 36 Issue 55, p3 

    The article reports on the drop of mortgage defaults in California. It cites the data provided by Realty Trac Inc., which indicate the 13 percent decrease of default and auction or repossession in the third quarter of in the state. It notes that the recovery of the state's mortgage lending was...

  • Home Seizures Set Another Mark, Jumping 25% in Aug.  // American Banker;9/17/2010, Vol. 175 Issue F336, p11 

    The article discusses an increase in U.S. home seizures for the month of August, 2010. Topics include an overview of how decreased housing demand is hurting the market, such as a high unemployment rates and the expiration of a federal homebuyer tax credit in April, 2010, and statistics related...

  • Pacific Paradox. Berry, Kate; Terris, Harry // American Banker;6/28/2007, Vol. 172 Issue 124, p3 

    This article says that although delinquency and foreclosure rates are rising in California, the home prices keep rising on a year-over-year basis. This dichotomy has stumped many experts who are concerned since accounts in California account for 48 percent of mortgages in the nation. The median...

  • LENDING ZONE: Prepare for more repossessions.  // Engineer (Online Edition);2/28/2011, p28 

    The article presents a forecast on the condition of the mortgage market in Great Britain. It highlights the result of the journal's analysis, which shows that the industry will experience a lower level of repossessions, affordability pressure, and potential fall in house prices in 2011, however,...

  • WELCOME TO THE BOTTOM. SMITH, HUBBLE // Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP6 

    The article explores the downturn in the housing market of Las Vegas, Nevada. It relates the decline in median home prices and the level of new-home construction in Las Vegas. It states the increase in the rate of foreclosures in Las Vegas. Real estate consultant John Burns describes the role of...

  • First-time buyers in danger zone. Warman, Neil // Mortgage Strategy;7/25/2011, p30 

    In this article the author reflects on the rising activities concerning the repossessions of proper by lenders on first time borrowers. The author is particular on the revisions of the Council of Mortgage Lender's housing market forecasts, predicting that the number of repossessed properties...

  • FORECLOSURE REDEMPTION. Bissonette, Nathan // Bench & Bar of Minnesota;Oct2011, Vol. 68 Issue 9, p56 

    The article presents information related to mortgage foreclosure redemption.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics