With foreclosures continuing to rise, Bellevue-based DepotPoint has scored $7 million to roll out new online services that help real estate professionals better manage distressed properties.
The deal was led by OVP Venture Partners, with Trident Capital also participating.
“DepotPoint’s tools will significantly streamline the foreclosure process for banks and mortgage servicers,” said OVP’s Mark Ashida in [...]

The generation that invented Rock N Roll is in no rush to pay off their mortgages or leave the workforce any time soon, according to the third annual Affluent Boomers at 60 survey from Bell Investment Advisors.
Reflecting a massive change from the prior generation when a major goal of retirement was to burn the [...]

Britain’s landlords may well be forced to increase rental demands in order to meet mortgage payments as a result of the credit crunch.
A new poll by comparison service moneysupermarket.com suggests that over four million households in Britain have been forced to take out a personal loan or credit card to cover mortgage and rental costs [...]

As Las Vegas sees its hotel and casino businesses sputter and office, apartment and retail real estate markets flag, the rest of the country is hoping what happens in Vegas stays in Vegas.
Despite its crushing housing market, one of the worst in the nation, Las Vegas’ economy has been held up on the shoulders of [...]

With rising energy prices, falling nonfarm payrolls, a plunge in consumer confidence, and a host of other negative indicators, economists have plenty to worry about. Their biggest concern, however, continues to be the housing market. Yet there is finally a little hope that the worst may be over.
According to the S&P/Case-Shiller indices, housing prices are [...]

Presidential candidates John McCain and Barack Obama envision the Federal Housing Administration backing new, cheaper mortgages for distressed homeowners who otherwise would have difficulty refinancing into more secure government-insured loans with lower monthly payments. For the plans to work, lenders would have to be willing to take a substantial loss by reducing the amount owed [...]

Thirty-year fixed-rate mortgages averaged 6.35 percent this week, down 0.1 percent from last week, which had been the highest level since last September, Freddie Mac, the mortgage company, reported Thursday. Rates had been rising for five straight weeks.
Rates on 15-year fixed-rate mortgages dropped 0.12 percent to 5.92 percent; the five-year adjustable-rate mortgage fell 0.21 percent [...]

An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.
Falling home prices, soaring foreclosures at a time of tighter lending and rising unemployment are all weighing heavily on an already troubled housing sector, the analysts said during [...]

Foreclosures? Defaults? Falling home prices? Fire sales?
These are like foreign words to St. Helena homeowners, who have remained relatively unscathed by the badly troubled housing market going on all around them. While housing values have nose-dived to their lowest levels in more than two decades in the rest of Napa County and elsewhere in California, [...]

With real estate prices considerably down coast to coast in the United States and the Euro almost record strong compared to the US-Dollar, European investors and real estate buyers are taking an even closer look into the high-end segment of the US property market.
Starting in July Homes and Ranches, LLC is going to extend its [...]