Foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance

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Reports of foreclosure disputes are sending buyers scurrying from short sales and transactions involving REO properties, on top of cancellations and delays stemming from servicing issues. Along with a reduction in the market share of foreclosure sales, fall-off in demand among investors and buyers.

What’s more, buyers of distressed properties have become gun shy due to the foreclosure processing problems, according to a Campbell/Inside Mortgage Finance survey of real estate agents. The poll found 14 percent of owner-occupant homebuyers and 6 percent of investors refused to view foreclosed properties in October.

First-time home buyers are retreating from the housing market, accounting for only 39% of home purchases in July, down from 48% in March, according to the latest Campbell/Inside Mortgage Finance.

The ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October, according to.

Foreclosures REO Short Sales Hud Homes, Homepath Homes, and more – Also see short sales info and Resources :). See more ideas about Hud homes, Shorts sale and Mac.

In general, mortgage insurers, which pay lenders when homeowners default and foreclosures fail to recoup costs, have lost money over the past three years. MGIC, insured 97% LTV loans for first-time.

Foreclosures REO Short Sales Hud Homes, Homepath Homes, and more – Also see Short Sales Info and Resources :). See more ideas about Hud homes, Shorts sale and Mac.

The ongoing controversy surrounding foreclosures is taking its toll as homebuyers refused to look at distressed properties in October, and foreclosure sales suffered from delays, according to the.

 · First-time home buyers are retreating from the housing market, accounting for only 39% of home purchases in July, down from 48% in March, according to the latest Campbell/Inside Mortgage Finance.

Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June, according to a new survey by Campbell/Inside Mortgage Finance. This as the share of non-distressed sales surged to 64.7 percent, up from 55.7 percent as recently as February.

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Contents Mortgage lender sentiment survey (mlss grave mistake" home prices rise Mistake" home prices stay elevated. digital foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance Mortgage lenders view Application Programming Interfaces (APIs) and Optical Character Recognition (OCR) as the top two technologies with the greatest potential to help improve or.