Fannie Mae bought just $29.65 billion in mortgages from its seller/servicers in November, its worst purchase month of the year.

Real estate economists Michael Sklarz and Norm Miller, co-founders of Collateral Intelligence, say the widely followed Case-Shiller home price index has exaggerated home price declines for most homeowners.

Federal Housing Administration lender Shore Mortgage, Birmingham, Mich., which is licensed in 25 states, said it is planning to significantly grow its origination staff due to rate-driven increases in its business and its reputation for swift mortgage closings.

Now that GMAC Financial Services has received both bank holding company approval and a $5 billion investment from the U.S. Treasury, one of its next moves will be to ramp up its deposit gathering capabilities.

The Tennessee Commissioner of Commerce and Insurance is now requiring fingerprints from certain license and registration applicants, including mortgage lenders, brokers, servicers and loan originators.

Three-quarters of homebuyers expect a discount of at least 25 percent on a foreclosure purchase, according to a survey released today by RealtyTrac and Trulia.0Tue, 16 Dec 2008 08:00:00 GMT

Foreclosure filings were reported on 259,085 U.S. properties in November, a 7 percent decrease from the previous month but still up 28 percent from November 2007. 0Thu, 11 Dec 2008 08:00:00 GMTForeclosure filings were reported on 259,085 U.S. properties in November, a 7 percent decrease from the previous month but still up 28 percent from November 2007, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows one in every 488 U.S. housing units received a foreclosure filing in November. “Foreclosure activity in November hit the lowest level we’ve seen since June thanks in part to recently enacted laws that have extended the foreclosure process in some states, along with more aggressive loan modification programs and self-imposed holiday foreclosure moratoriums introduced by some lenders,” said James J. Saccacio, chief executive

Rick Sharga, senior vice president at RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, will be a featured speaker at the Deutsche Bank Distressed Land Seminar Thurs., Nov. 20, 2008, from 8:30 a.m. to 4 p.m.0Tue, 18 Nov 2008 08:00:00 GMT

Foreclosure filings were reported on 279,561 U.S. properties in October, a 5 percent increase from the previous month and a 25 percent increase from October 2007. 0Wed, 12 Nov 2008 08:00:00 GMTForeclosure filings were reported on 279,561 U.S. properties in October 2008, a 5 percent increase from the previous month and a 25 percent increase from October 2007, according to the RealtyTrac U.S. Foreclosure Market Report. “We’ve seen sharp declines in new foreclosure filings after legislation mandating delays to the foreclosure process was signed into law in several states — most notably in California, where overall foreclosure activity was down by double-digit percentage points for the second straight month in October, and where default filings were 44 percent below October 2007 levels,” said James J. Saccacio, chief executive officer of RealtyTrac.

RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, has been named to Deloitte’s prestigious Technology Fast 50 Program for Orange County.0Fri, 24 Oct 2008 08:00:00 GMTRealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, has been named to Deloitte’s prestigious Technology Fast 50 Program for Orange County, a ranking of the 50 fastest-growing technology, media and telecommunications companies in the area.

Foreclosure filings were reported on 265,968 properties in September, a 12 percent decrease from the previous month but still a 21 percent increase from September 2007.0Fri, 24 Oct 2008 08:00:00 GMTForeclosure filings were reported on 265,968 properties in September, a 12 percent decrease from the previous month but still a 21 percent increase from September 2007. Foreclosure filings were reported on 765,558 U.S. properties during the third quarter, up more than 3 percent from the second quarter and up 71 percent from the third quarter of 2007. “Much of the 12 percent decrease in September can be attributed to changes in state laws that have at least temporarily slowed down the pace at which lenders are moving forward with foreclosures,” said James J. Saccacio, chief executive officer of RealtyTrac.

James J. Saccacio, chief executive officer of RealtyTrac, will provide insight on foreclosure trends as a featured panelist at the AFSA's 10th Annual State Government Affairs Forum Oct. 2, 2008.0Wed, 01 Oct 2008 08:00:00 GMT

Rick Sharga, vice president of marketing at RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, will be a featured speaker at a number of national real estate conferences during September. 0Fri, 26 Sep 2008 08:00:00 GMT

Rick Sharga, senior vice president at RealtyTrac™ will be a featured speaker during the Colorado Association of Mortgage Brokers Convention & Expo today.0Fri, 26 Sep 2008 08:00:00 GMT

Foreclosure filings were reported on 303,879 U.S. properties in July, a 12 percent increase from the previous month and a 27 percent increase from August 2007. 0Sat, 13 Sep 2008 08:00:00 GMTForeclosure filings were reported on 303,879 U.S. properties in July, a 12 percent increase from the previous month and a 27 percent increase from August 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report™. The report also shows one in every 416 U.S. households received a foreclosure filing during the month. “In August the total number of U.S. properties that received foreclosure filings as well as the national foreclosure rate were both the highest we’ve seen in any month since we began issuing our report in January 2005,” said James J. Saccacio, chief executive officer of RealtyTrac.

Foreclosure filings were reported on 273,001 properties in May, a 6 percent increase from the previous month and a 55 percent increase from May 2007. 0Fri, 13 Jun 2008 08:00:00 GMT

Foreclosure filings were reported on 258,627 U.S. properties in April, an 11 percent increase from the previous month and a 75 percent increase from April 2007. 0Thu, 15 May 2008 08:00:00 GMT

Foreclosure filings were reported on 272,171 U.S. properties in July 2008, an 8 percent increase from the previous month and a 55 percent increase from July 2007. 0Fri, 15 Aug 2008 08:00:00 GMTForeclosure filings — default notices, auction sale notices and bank repossessions — were reported on 272,171 U.S. properties in July 2008, an 8 percent increase from the previous month and a 55 percent increase from July 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report. The report also shows one in every 464 U.S. households received a foreclosure filing during the month. “Bank repossessions, or REOs, continued to be the fastest growing segment of foreclosure activity in July, posting a 184 percent year-over-year increase,” said James J. Saccacio, chief executive officer of RealtyTrac.

The New York State Banking Department and RealtyTrac® commented on the report published by RealtyTrac last week, reflecting the nationwide quarterly review for the period ending June 30, 2008.0Fri, 01 Aug 2008 08:00:00 GMTThe New York State Banking Department and RealtyTrac® commented on the report published by RealtyTrac last week, reflecting the results of their nationwide quarterly review for the period ending June 30, 2008. The report notes that foreclosure statistics nationally are continuing to increase quarter over quarter and even more dramatically year over year. New York State ranked 30th in terms of foreclosure rate, or one in every 493 households compared to the national average of one in every 171 households.

RealtyTouch, the charity program launched earlier this year by RealtyTrac™, has completed successful campaigns benefitting two local Orange County charities so far in 2008.0Thu, 31 Jul 2008 08:00:00 GMTRealtyTouch, the charity program launched earlier this year by RealtyTrac™ (www.realtytrac.com), the nation’s leading online foreclosure marketplace, has completed successful campaigns benefitting two local Orange County charities so far in 2008.