Sharga: Several more years with nearly 1M foreclosures per year

8 Million More Foreclosures May Be Waiting. As a result, estimates of homes in the shadows vary widely between 2 million and 8 million. By comparison, approximately 5.5 million homes are expected to change hands this year, of which about a third are in some kind of distress.

Lenders filed fewer foreclosure notices in May, but the total number of filings was still the third-highest monthly total on record.

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Home buyers forced to shore up Social Security and Medicare programs Lloyd Leighton December 22, 2011 – The recently passed 2 month extension of the payroll tax cut along with the postponement of Medicare reimbursement cuts is being paid for by increased fees.

RealtyTrac: May foreclosures inch up 2% Total foreclosure filings – which include default papers, auction sale notices and repossessions – reached 803,489 in the first quarter, according to a report released Thursday by RealtyTrac. the.Housing recovery evolves mortgage modification landscape Mortgage applications shoot up 14.8% According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 17, the Market Composite Index squeaked out a scant 0.1 percent uptick on a seasonally adjusted basis but dipped by two percent compared with the previous week.The seasonally adjusted purchase index was up by five percent from one week earlier and the unadjusted Purchase.PRESS RELEASE . nhs chicago launches mortgage relief campaign before Dec. 30 Deadline . Help available for distressed homeowners . CHICAGO – While some areas have rebounded from the housing crash, parts of Chicago are being left behind by the recovery. As a result, Neighborhood Housing Services of Chicago (NHS) is launching a

Schwarz says a typical new member sees business double each year for the first several years as word spreads about the advantages of home staging (Association research shows that staged homes sell.

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For all FHA Case Numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%. It’s the FHA’s third such increase in the last 12 months – moves that have cost FHA borrowers a collective pretty penny.

bank of america: Sharga: Several more years with nearly 1M foreclosures per year – 11/01/11 07:39 AM The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services.

The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington mortgage services. sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure.

Explosive allegations in BofA hearing over $8.5B MBS settlement Court rejects sec settlement with BofA. A US federal judge on Monday issued a sharp rebuke to the Securities and Exchange Commission by throwing out a $33m settlement between the regulator and Bank of America, calling the agreement "cynical" and setting the stage for a trial next year. Jed Rakoff, a US district judge,Fannie Mae to Charge Strategic Defaulters, for Everything Your credit score will be burned if you foreclose, and now Fannie Mae is threatening to compound the problem by "locking out" strategic defaulters for a period of seven years. In a plan announced.

 · Sharga was the senior vice president for RealtyTrac, which tracks foreclosure filings across the country and issues widely used monthly and quarterly reports. Sharga leaves RealtyTrac for.

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