The End of Hamp is Near!

Finally, someone with commonsense and the willingness to stop the madness! Tax payer dollars into these programs is in the Billions$$$$$$$$$!



I said it before and I'll say again-Let the Market and the Professionals in the market-FIX IT!!



Matt Mathews

Mathews Realty Associates

Amplify’d from www.dsnews.com

Three Congressmen Call for HAMP's End

In more bad news for the Home Affordable Modification Program (HAMP), three congressmen, Reps. Jim Jordan (R-Ohio), Patrick T. McHenry (R- North Carolina), and Darrell Issa (R-California) have proposed a bill to end the program.

“The number of homeowners kicked out of HAMP – and arguably left worse off by participating in the program– exceeds the number actually helped by hundreds of thousands,” he said. “Because the administration won’t listen to bipartisan calls to fix this program, the only option left is to end it.” Read more at www.dsnews.com

 

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Three Congressmen Call for HAMP's End

Three Congressmen Call for HAMP's End

Shadow Housing Inventory Will Take 4 Years To Clear

I've been preaching about this for quite a while now.



The Governments intrusion into the market has done nothing but delay the inevitable. Every program that has been used to try and stop the landslide in housing prices has failed.



This report spells it out in detail-substantiating predictions made, several years ago, by many On The Street, professionals, that the market and those serving that market are the only one's who can really fix it. Not The Government!!!



Mathews Realty Group

Real Estate Investments

Retirement Advisors

Amplify’d from www.standardandpoors.com

Fourth-Quarter Shadow Inventory Update: Drop In Liquidations, Stable Cure Rates Indicate Increased Foreclosure Timelines

The volume of distressed nonagency residential mortgage properties in the U.S. continues to fall, but at an ever-slowing pace. Standard & Poor's Ratings Services currently estimates that the principal balance of these distressed homes amounts to about $450 billion, representing nearly one-third of the nonagency residential mortgage-backed securities (RMBS) market currently outstanding. We define this yet-to-be absorbed "shadow inventory" of distressed properties as outstanding properties whose borrowers are (or recently were) 90 days or more delinquent on their mortgage payments, properties currently or recently in foreclosure, or properties that are real estate owned (REO). Read more at www.standardandpoors.com

 

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Half of Families Can Afford Most Homes on the Market: Report

Half of Families Can Afford Most Homes on the Market: Report

The Housing Market Begins to Stabilize!

According to Fiserv Case-Shiller Indexes and predictions, home prices will finally fully stabilize by the end of 2012.



The Crystal Ball "IF", in this case doesn't take into consideration all the unknown variables that have plagued this housing market, compared to any other in History



Personally, like thousands of other home owners across the country, I would love to see my home value begin to stabilize, But, right now based upon my facts, experience and On The Street expertise, quite frankly, my Crystal Ball is a little cloudy at this point!

Amplify’d from www.dsnews.com

Fiserv: After Years of Record Declines, Home Prices Begin To Stabilize

The Wisconsin-based financial services firm on Tuesday released its analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Indexes.

In the third quarter of 2010, U.S. single-family home prices saw an average decrease of just 1.5 percent over the year-ago quarter, as a growing number of metro area housing markets begin to stabilize after five years of record home price declines. Read more at www.dsnews.com

 

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Wake Up Guys-Time to smell One Rose!

Hey Guys!

If you really want to score points with the Love of Your Life-Try this advice every month. Works for me!!!!!!

Amplify’d from www.bankrate.com

What women really want on Valentine's Day

Guess what, guys? It's not a dozen long-stemmed red roses and a pricey box of chocolates that women get all misty-eyed over when mid-February rolls around each year. True, retailers love to push these traditional heart-day gifts, but most women would be far more impressed by a simpler -- and often less-expensive -- gift that somehow touches her heart. Read more at www.bankrate.com

 

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California Housing-Making a Come Back?

After three moratoriums to halt foreclosures along with the fact that the average time to complete a foreclosure is now approximately Fifteen (15) months. This report does nothing to instill confidence that California Real Estate is making a come back!



The real reality is that the housing market in California, as is the case throughout the country, is in and going through a double dip recession. Extend and Pretend will only worsen the situation.



Mathews Realty Associates

Seniors Real Estate Specialists/Retirement Advisor

Amplify’d from www.dsnews.com

California's New Foreclosures Fall to Lowest Level in Over Three Years

Last quarter’s activity was the lowest since second quarter 2007, the local tracking firm said.

“We don’t know how much of the decline is due to less household financial distress and how much is due to shifts in lender and servicer foreclosure policies,” said John Walsh, DataQuick president. “The level of default activity would certainly be higher if it weren’t for alternative strategies such as short sales or even lengthening grace periods.” Read more at www.dsnews.com

 

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