With September in the bag, let’s have a look at the monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line in the comments and…
Tag: foreclosures
What’s Behind Rising FHA Defaults?
Note from The Tim: Jillayne Schlicke has been a valued member of the Seattle Bubble community for quite some time, and I’m happy to welcome her as a guest poster. Jillayne has many years experience in the lending industry and offers some great insights. She currently provides continuing education for real estate professionals through her…
FHA: The New Subprime
Three facts: Nearly 7% (and rising) of FHA loans are currently in default (source). The FHA has cash reserves of less than 2 percent (and falling) of the total value of loans they guarantee (source). FHA currently makes about 23% (and rising) of all mortgages in the USA (source). Here are those first two points…
Trustee Notices on Pause Thanks to New State Law
Time for our August update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: August 2009 King: 614 NTS, up 7% YOY Snohomish: 329 NTS, up 20% YOY Pierce: 430 NTS, down 7% YOY As we predicted last month, Senate Bill 5810 seems to be resulting in…
August Housing Market Stats Preview
Now that August is behind us, let’s have a look at the monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line in the comments…