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Archive for June, 2010

Fitch Affirms PNC Bank’s U.S. Resi Servicer Ratings at ‘RPS2+’

June 30th, 2010

NEW YORK—-Fitch Ratings has affirmed PNC Bank, N.A.’s U.S. residential servicer ratings as follows:

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Newspaper home data stinks to consultant

June 30th, 2010

John Burns, the real estate consultant from Irvine, has harsh words about some of the housing data published in, among other places, newspapers and their websites. Basically, Burns says in a recent note to his clients that widely discussed data…

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No bids for Promenade Shops at Centerra

June 30th, 2010
The Promenade Shops at Centerra in Loveland received no bids this morning at a foreclosure auction, which means the property is now bank owned.

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Foreclosure Homes Account for 31 Percent of All Residential Sales in First Quarter According to New Report From …

June 30th, 2010
Nearly 233,000 Foreclosure and Bank-Owned Homes Sold at an Average Discount of 27 Percent

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Nearly 1 in 3 first-quarter home sales a foreclosure: report

June 30th, 2010
Nearly one out of every three U.S. home sales in the first quarter was a foreclosure property as steep price discounts boosted demand for distressed real estate, RealtyTrac said in a new report on Wednesday.

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BPO broker price opinion