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socal home prices- record breaking

Apr - 30 | | no comments. | blog


Hello Friends, just want to share this great article about the
Real Estate Market in the Los Angeles, Area.  It is crazy, prices are at its peak.

Southern California home prices soared to all-time highs in March, pushing values further out of reach for some buyers and causing others to stretch their finances more than expected.

Home sales, meanwhile, dipped from year-ago levels due mainly to a persistent lack of inventory.

The median price of a Southern California home – or price at the midpoint of all sales – hit a record $519,000, up $40,000 or 8.4 percent from March 2017 levels, real estate data firm CoreLogic reported Monday, April 23.

full article here  <<<


picture below,  Buyer having a hard time to buy a property.  Seller are getting lots of offers,  click image for full article




My opinion:

Real Estate has its cycle.  Currently, We are at its peak, meaning, sellers are getting great offers for their properties.
Today, is the time to Sell.  Demand of buyers are everywhere.

Just curious about how much your home is worth??  find out here in 1 minute.

In the Moment, For the Moment

Ruth Ortiz, Broker

Ruth Pictures

Happy Halloween- Just enjoy it

Oct - 31 | | no comments. | blog


This is the cutest and kindest cartoon about Halloween I have ever seen  :)

Thank you, Enjoy with Video and Have a good mood 

Pay your Mortgage faster-3 great tips

Mar - 07 | | no comments. | blog

Hello Friend,

As you can see, I am only sending you great information about real estate situations. This week, I want to

share with you this great article, newsletter about how you can save interest payments on your mortgage payment and cut

years off your mortgage.

Just follow these 3 tips, and you will be ahead of the rest.

Remember, I have been in the real estate business for 18 years, and these tips works!

Get this pdf here
Get this pdf here
, save it on your pc or Print it.  <<


For the Moment, In the Moment

Ruth Ortiz, Broker

Hablo Español


2016 Sales Report and Prices-Los Angeles

Jan - 22 | | no comments. | blog

Dear Client/Friend

California Real Estate Association just released this report -
California home price ends year on high note while sales moderate in December;
housing market posts solid performance in 2016

- December’s statewide median home price was $509,060, up 1.5 percent from November and 3.9 percent from December 2015.

- Existing, single-family home sales totaled 411,230 in December on a seasonally adjusted annualized rate, down 7 percent from November and 0.6 percent from December 2015.

- Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to decline to 2.6 months in December from 2.8 months in December 2015.

LOS ANGELES (Jan. 19) – Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 411,230 units in December, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The December figure was down 7 percent from the 442,320 level in November, and down 0.6 percent compared with home sales in December 2015 of a revised 413,700. Despite the declines, December’s sales were on par with the two-year average sales pace of 412,000 maintained since 2015. Home sales remained above the 400,000 pace for the ninth straight month.

For 2016 as a whole, a preliminary 416,250 single-family homes closed escrow in California, up 1.7 percent from 2015’s revised pace of 409,410.

Full article here  <<

Easy Graphic – Report -Click for bigger Image


5 Cosas Importantes cuando venda su Casa-5 things to do when selling your house

May - 11 | | no comments. | blog


Este articulo es para personas que piensan Vender Su Casa.
This Article is for homeowners who are thinking of selling their houses.

Deciding to list your home for sale is a momentous time. It means you will be moving on to a new stage of life, no matter if you’re moving up or sizing down. Take a moment to look over these tips for what every seller should do before they put their home on the market.

1) Organize Your Paperwork: Every homeowner should have a detailed  list of all past repairs, updates, and upgrades they’ve made.  This will help your agent know what should be mentioned on the MLS. Did you put on a new roof in 2010 or a install a new water heater in 2009? These are great selling features because they means less work in the future for the prospective buyer.

Also included in this list should be any home warranty information. These warranties will most likely transfer with title of the home.

2) Get Ready to Declutter: Even before you’ve officially listed your home for sale you should start getting rid of things you don’t need. Starting now will mean a more thorough and less rushed job of clearing things out. Start with one closet and work your way through the entire home. Sort items to toss, keep, sell, and donate. Having a yard sale is a wonderful way of making a little extra pocket change while reducing the amount of things you’ll have in your home during showings and that you’ll need to pack up and move. It’s a win-win!

3) Clean, Clean, and Clean Some More: Dirty homes are a real buyer turnoff. Now is a great time wash down walls, spruce up paint, and give your entire home a thorough cleaning. Do your carpets need refreshing? Consider renting a carpet shampoo machine or hiring a professional carpet cleaning company to come in and revamp your carpets. Chances are buyers will ask for this anyways come closing time. You’ll beat them to the punch and have a shiny, sparkling home to show for it.

4) Get an Inspection: Did you think inspections were only for buyers? Having a pre-sale inspection can mean identifying problem areas. Perhaps you’re unaware that your foundation needs repaired. This will severely affect your listing price. It’s best to be prepared and realistic in today’s market.

5) Make Repairs or Get Estimates: Your inspection will likely leave you with a list of repairs, large and small, that need made. Keep in mind that prospective buyers will also get an inspection of your home and will find these same issues. Head them off at the pass and do some fixing up. You may wish to go ahead with large repairs. If not, be sure to at least get estimates so you are fully prepared for negotiations (you’ll know what the real cost should be) or should you can provide the estimates for buyers.

Start Staging: Staging is like prepping your home for its first date. You want to have it clean and well-dressed. This means amping up curb appeal with neat landscaping, fresh paint, and flowers. It means rearranging furniture and removing clutter.

Congratulations on deciding to list your home for sale.

Be proactive about making a good first step by following these tried and true tips.


Don’t Forget, If you are seriously thinking on selling your house And For A Free Market Analysis of your Home,
Call me, I am 24 hrs a Day for you. 562-862-8300 Ruth Ortiz, Broker.


Arriba como pueden ver esta En Ingles, Pero voy hacer breve en listar las cosas que necesita hacer para que su casa se venda Rapido y al Precio Alto.

1) Organizar su Documentacion. Yo cuando visito a los duenos de casa, me sorprende a veces que no tienen nada, ni los pagos del banco o no saben o no se recuerdan donde pusieron documentos importantes. Sea Organizado.

2. Si ya decidio Vender, Trate de desacerse de cosas que no usa, lo viejo, lo feo etc. No trate de guardar cosas innecesarias.

3. Mantenga limpia su Casa especialmente si va a ver Open House con su Agente de Bienes Raices. Los compradores a veces no quieren ni entrar si huele mal su casa.

4. Obtenga un Inspeccion de su Casa. Con esta inspeccion usted va ha saber que esta mal con su casa para que haga arreglos si el comprador lo va a pedir.

5. Si sigue todo estos consejos tendra un venta muy facil. Y no olvide, mantener su casa bonita y si esta vacia, arreglar o contratar a personas que tienen muebles, TV y que le ponen bonita su casa temporalmente (Home Staggers)

   No Olive, su Tiene pregunta acerca de su casa, O no Sabe el Valor Actual de su Propiedad, Llameme, Le doy una evaluacion Totalmente Gratis Sin Compromiso. Yo Ruth Ortiz, tengo 17 anos haciendo Real Estate en el Sur De California.

Nuestras oficinas estan en Downey, Ca

Tele: 5671-862-8300

Thank you

Ruth Ortiz, Broker


Bancos y Govierno llegan a un acuerdo por abusos hipotecarios

Feb - 14 | | no comments. | blog

Cinco bancos entregarán $25 mil millones a 49 estados; casi dos millones de personas beneficiadas

WASHINGTON, D.C.— Luego de 16 meses de negociaciones, el Departamento de Justicia y Vivienda anunciaron ayer, un histórico acuerdo entre 49 estados y los cinco mayores bancos del país. El trato beneficiará a un millón 750,000 personas de manera directa.

[Foto: EFE]El presidente Barack Obama (izq.) durante la conferencia de prensa donde anunció la firma del acuerdo con cinco de los mayores bancos del país. Acuerdo por 25,000 millones de dólares entre 49 estados y Bank of America, Jpmorgan Chase, Citigroup, Well Fargo y Ally Finantial Inc.


Las instituciones financieras han estado bajo investigación, por posibles abusos en ejecuciones hipotecarias, que vinieron luego del colapso del mercado inmobiliario. Desde 2007 hasta ahora, 4 millones de estadounidenses han sido desalojados de sus casas.

El acuerdo asegura la entrega de 25,000 millones de dólares. Los bancos involucrados son Ally Financial Inc., Bank of America, Citigroup, JP Morgan y Wells Fargo. “Ninguna compensación, ningún monto de dinero, ni medida de la justicia, es suficiente para remediar a una familia a la que se le ha quitado el sueño americano de manera equivocada”, dijo el presidente Barack Obama. “Pero este arreglo es un comienzo y vamos a asegurarnos que los bancos cumplan”.

Se estima que un millón de personas obtendrán reducciones en el balance de sus hipotecas y que 750 mil prestatarios -que perdieron sus casas tras ejecuciones hipotecarias entre 2008 y 2011-, recibirán pagos que bordearán los 1,500 y 2,000 dólares cada uno. Esto además de mantener su derecho de unirse a futuras demandas. Asimismo, se establecen nuevos estándares para prevenir futuros abusos en el sistema, los que serán regulados por un supervisor independiente, el Comisionado de Bancos de Carolina del Norte, Joseph Smith. Las instituciones que violen las condiciones, podrían enfrentar multas de 1 millón de dólares por trasgresión. “Investigamos más de 2 millones de documentos, que nos dieron evidencia clave, para alcanzar este acuerdo. Estos revelaron prácticas perturbadoras”, dijo el procurador general, Eric Holder.

“Esto no sólo hará responsables a instituciones que contribuyeron al colapso de la economía estadounidense, pero dará alivio inmediato a los propietarios”, aseguró el secretario de Vivienda, Shaun Donovan.

Hasta hace algunas semanas, estados como California, Nueva York y Florida, no habían sumado su apoyo a las negociaciones, restando credibilidad al proceso. Sobre todo, porque California es considerada la “zona cero” de la crisis inmobiliaria. Pero eso cambió durante los últimos días.

Ahora, California figura entre las áreas que más se beneficiará con el acuerdo, con un potencial de 18,000 millones de dólares en restituciones y beneficios.en tanto, en Nueva York, el procurador general Eric Schneiderman especificó un alivio que se traducirá en 136 millones de dólares. Se estima que 13 millones se destinarán a pagos para víctimas de ejecuciones realizadas de manera injusta.el acuerdo tiene un perfil histórico. Es el compromiso de mayor magnitud entre el gobierno y la empresa privada.. No obstante, las agencias hipotecarias Fannie Mae y Freddie Mac no están incluidas en la negociación, lo que prácticamente excluye más de la mitad de las hipotecas a nivel nacional.“esto no resuelve todos los problemas, no es suficiente, pero es algo. Es un monto muy pequeño para las personas que ya perdieron sus casas. Ayudará a algunos individuos que tienen sus hogares bajo el agua, pero no a todos. Hemos estado presionando a la Administración para que tome pasos agresivos, para las viviendas con préstamos de Fannie y Freddie, eso todavía está en la lista de pendientes”, aseguró a La Opinión, la congresista Zoe Lofgren (D-CA), líder de la delegación de California.

Para una Consulta Gratis, Llamar a Ruth Ortiz, broker

1.9Million US Homes got Foreclosures notices in 2011

Jan - 14 | | no comments. | blog

1.9 Million U.S. Properties Receive Foreclosure Filings in 2011, Down 34 Percent From 2010 to Lowest Level Since 2007

Average Days to Foreclose Up to 348 Nationwide; Over 800 Days in NY, NJ and FL; Annual Activity Down in 45 States; Nevada, Arizona, California Post Highest Rates

IRVINE, CA–(Marketwire -01/12/12)- RealtyTrac® (, the leading online marketplace for foreclosure properties, today released its Year-End 2011 U.S. Foreclosure Market Report™, which shows a total of 2,698,967 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.

The report also shows that 1.45 percent of U.S. housing units (one in 69) had at least one foreclosure filing during the year, down from 2.23 percent in 2010, 2.21 percent in 2009, and 1.84 percent in 2008. Total U.S. foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007.

“Foreclosures were in full delay mode in 2011, resulting in a dramatic drop in foreclosure activity for the year,” said Brandon Moore, chief executive officer of RealtyTrac. “The lack of clarity regarding many of the documentation and legal issues plaguing the foreclosure industry means that we are continuing to see a highly dysfunctional foreclosure process that is inefficiently dealing with delinquent mortgages — particularly in states with a judicial foreclosure process.

“There were strong signs in the second half of 2011 that lenders are finally beginning to push through some of the delayed foreclosures in select local markets. We expect that trend to continue this year, boosting foreclosure activity for 2012 higher than it was in 2011, though still below the peak of 2010.”

December activity hits 49-month low, scheduled auctions up in fourth quarter
Foreclosure filings were reported on 205,024 U.S. properties in December, a decrease of 9 percent from the previous month and down 20 percent from December 2010. December’s total was the lowest monthly total since November 2007 — a 49-month low.

December Default notices (NOD, LIS) decreased 19 percent from the previous month and were down 23 percent from December 2010; Scheduled foreclosure auctions (NTS, NFS) decreased 12 percent from the previous month and were down 24 percent from December 2010; and bank repossessions (REO) increased 10 percent from the previous month but were still down 12 percent from December 2010.

Foreclosure filings were reported on 586,133 U.S. properties in the fourth quarter, a 4 percent decrease from the previous quarter and down 27 percent from the fourth quarter of 2010. Fourth quarter default notices were down 6 percent from the previous quarter and down 22 percent from the fourth quarter of 2010; scheduled foreclosure auctions increased 4 percent from the previous quarter but were still down 32 percent from the fourth quarter of 2010; and REOs decreased 11 percent from the previous quarter and were down 24 percent from the fourth quarter of 2010.

Nevada, Arizona, California post top state foreclosure rates for year
More than 6 percent of Nevada housing units (one in 16) had at least one foreclosure filing in 2011, giving it the nation’s highest state foreclosure rate for the fifth consecutive year despite a 31 percent decrease in foreclosure activity from 2010. Nevada foreclosure activity dropped 35 percent from the third quarter to the fourth quarter, driven primarily by a 70 percent decrease in default notices — the result of a new law (AB 284) that took effect in October requiring lenders to file an additional affidavit before starting the foreclosure process. The new law also increases the penalties for the use of fraudulent documents in foreclosure.

Despite a 28 percent drop in foreclosure activity from November to December — caused largely by a 41 percent drop in scheduled foreclosure auctions — Arizona registered the nation’s second highest state foreclosure rate for the third year in a row, with 4.14 percent of its housing units (one in 24) with at least one foreclosure filing in 2011.

California also experienced a substantial month-over-month drop in initial foreclosure notices in December — default notices there were down 38 percent from the previous month — but the state still registered the nation’s third highest foreclosure rate for all of 2011. One in every 31 California housing units (3.19 percent) had at least one foreclosure filing during the year, down from 4.08 percent in 2010 and 4.75 percent in 2009.

Georgia posted the nation’s fourth highest state foreclosure rate, with 2.71 percent of housing units (one in 37) with at least one foreclosure filing in 2011, and Utah posted the nation’s fifth highest state foreclosure rate, with 2.32 percent of its housing units (one in 43) with a foreclosure filing during the year.

Other states with 2011 foreclosure rates ranking among the nation’s 10 highest were Michigan (2.21 percent), Florida (2.06 percent), Illinois (1.95 percent), Colorado (1.78 percent), and Idaho (1.77 percent).

Foreclosure processing timelines continue to increase
U.S. properties foreclosed in the fourth quarter took an average of 348 days to complete the foreclosure process, up from 336 days in the third quarter and up from 305 days in the fourth quarter of 2010. The length of the average foreclosure process has increased 24 percent from 281 days in the third quarter of 2010, when lenders began to re-evaluate foreclosure procedures in earnest as the result of the so-called robo-signing controversy.

The average foreclosure process in New York has increased 37 percent during the same time period, and New York properties foreclosed in the fourth quarter took an average of 1,019 days to complete the foreclosure process — the longest of any state.

New Jersey documented the nation’s second longest average foreclosure process, at 964 days, and Florida documented the nation’s third longest average foreclosure process, at 806 days. Foreclosure activity in both these states dropped more than 60 percent from 2010 to 2011. All three states with the longest foreclosure timelines employ the judicial foreclosure process.

As you can see the potential to buy foreclosures are great, This is the time to buy.

Ruth Ortiz, Broker


4 Steps on how to Prepare to buy your first house

Jan - 13 | | no comments. | blog

Interest rates are at record lows, and many homeowners have priced their homes to sell. Many buyers who waited for rock-bottom prices know that now is the time to buy. Whether you want to buy a home before the end of the year or wait until 2012, there are some things you can do now to prepare.

1. Find out how much home you can afford. Before you do anything else, find out how much home you can afford. To do this, look online for a quality mortgage calculator (Zillow has one that works well). Mortgage calculators show you how much home you can afford based on your income, an average interest rate, and the length of the loan.

You also need to calculate your debt-to-income ratio, which shows the amount of your income that goes toward paying your debts. The higher your ratio, the less likely you will qualify for a home loan. Find out if you can get a mortgage before you begin searching for your dream home. If your debt-to-income ratio is more than 36 percent, you should think about getting out of debt, or at least reducing your debt immediately.

Your credit score also plays a role in your loan eligibility. If you have a higher credit score, you will be eligible for better loan rates. If you have a low credit score, on the other hand, you should first learn how to improve your credit score before you get pre-approved for a loan.

[See 10 Ways to Start Earning Extra Money Now.]

2. Get pre-approved. Take the time to get pre-approved before you begin looking at homes. In fact, many real estate agents won’t work with you until you have received pre-approval for a mortgage. Regardless, you should look to get pre-approved anyway. You might find the perfect home, and then find out the bank denied your loan application. This heartbreaking scenario wastes your time and your agent’s time, too.

Going through the mortgage-approval process can be a frustrating experience, so be prepared. In addition to all of the paperwork, you have to answer a lot of very pointed questions about your income, net worth, and credit worthiness. If you have a 20 percent downpayment, a high credit score, and a steady job, then you have a better chance of being pre-approved for a loan.

3. Find a real estate agent. Once you’ve improved your credit score and you know how much home you can afford, you need to find a great real estate agent, Like Myself. Your agent acts as your representative, provides you with information about market prices, and helps you find a home. Finding a real estate agent you can trust can take time. Talk to friends, family, and co-workers for potential referrals, and use your intuition. If you feel uncomfortable with a real estate agent, keep looking.

4. Take stock of your financial situation, again. By the time you get ready to buy a home, you may be sick of thinking about money. After following each of these steps, look at your available income one more time, and review your short- and long-term financial goals. Ask yourself: Do I really want to invest $100,000 or more into a home? Do I want to stay in this neighborhood, or state, for the next several years? Or do I want to put that money towards some other dream?

Final thoughts. We’re currently experiencing a buyer’s market. You can find wonderful deals on homes, and you may qualify for a low interest rate. However, this also means that if you buy a home in the next year, you may need to stay in it for several years until home prices begin to significantly appreciate. Review your short and long-term goals carefully to make sure buying a home is right for you. Follow the steps outlined here, and when the time is right, get ready to buy your home.

If you’re looking to buy a home in the next few years, what steps are you taking to prepare?

Source: Heather Levin writes about real estate, green living, and sustainability on Money Crashers, a personal finance website aimed at educating young people about important financial issues

In the Moment, for the Moment

Your Realtor here in Downey, California
Ruth Ortiz, Broker


November Foreclosure activity and DATA

Dec - 16 | | no comments. | blog

RealtyTrac: November foreclosure activity hints at rising tide (CHARTS)

California, Arizona post annual increases amid U.S. seasonal dip


After rising in October, foreclosure activity fell slightly on a monthly basis in November, but some signs point to a coming increase in early 2012, according to a report from foreclosure data site RealtyTrac.

One in every 579 housing units, or 224,394 properties, received a foreclosure filing — a default notice, scheduled auction, or bank repossession — in November. That’s a 3 percent drop from October and a 14 percent drop from November 2010 — the smallest year-over-year decline in the past year.

“Despite a seasonal slowdown similar to what we’ve seen in each of the past four years, November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs (bank-owned homes) or short sales sometime early next year,” said James Saccacio, co-founder of RealtyTrac, in a statement.

“Overall foreclosure activity is down 14 percent from a year ago, the smallest annual decrease over the past 12 months, and some bellwether states such as California, Arizona and Massachusetts actually posted year-over-year increases in foreclosure activity in November.

see chart data here
Source: RealtyTrac

The number of homes receiving default notices decreased 8 percent month to month and 9 percent year over year in November, to 71,730 properties. That figure is also a 9 percent decline from August, when default notices rose 33 percent from the month before.

That surge in default notices that began in August meant scheduled foreclosure auctions were at a nine-month high in November, Saccacio said.

Scheduled auctions rose 13 percent month to month but fell 17 percent year over year in November to 96,540. On a monthly basis, auctions rose more than 35 percent in several states, RealtyTrac said: California (63 percent), Washington (56 percent), Ohio (53 percent), New Jersey (44 percent), and New York (38 percent).

REO activity hit a 44-month low in November with lenders repossessing 56,124 properties. That’s a 17 percent drop from both October of this year and November 2010.

Nevada had the highest foreclosure rate in the nation for the 59th straight month in November despite “artificially low foreclosure activity,” RealtyTrac said, due to a new Nevada state law designed to crack down on documentation irregularities by foreclosing lenders — that law took effect in October. Foreclosure activity in the state rose 3 percent from October, but was down 43 percent compared to a year ago.

10 states with the highest foreclosure activity rates in November:

Area Foreclosure rate (November 2011)
U.S. 1 in 579 housing units
Nevada 1 in 175
California 1 in 211
Arizona 1 in 256
Utah 1 in 290
Georgia 1 in 330
Michigan 1 in 330
Florida 1 in 358
Illinois 1 in 427
Ohio 1 in 500
South Carolina 1 in 517

Source: RealtyTrac

Foreclosure activity in California rose 11 percent year over year and 15 percent month to month in November. The increase was driven largely by a jump in scheduled foreclosure auctions, which posted a 10-month high last month. Foreclosure filings in the Golden State accounted for 28 percent of the nation’s total — more than any other state.

Arizona also saw an annual increase in foreclosure activity — the state’s first since October 2010. Filings rose nearly 4 percent year over year and 1.3 percent month to month.

Other states that saw annual increases in foreclosure activity included Vermont (100 percent), New Hampshire (45 percent), Maine (29 percent), Rhode Island (20 percent), Delaware (16 percent), Louisiana (nearly 12 percent), Massachusetts (11 percent), South Carolina (4 percent), and Wisconsin (4 percent).

California accounted for nine of the 10 metropolitan areas with a population of 200,000 or more with the highest foreclosure activity rates. Stockton, Calif., had the highest foreclosure rate in November with 1 in 120 units receiving a foreclosure filing. The only non-California metro among the top 10 was Las Vegas, which had held the No. 1 spot for 22 months before October.

All nine California cities posted double-digit monthly increases in scheduled foreclosure auctions in November, including a 65 percent jump in Stockton and a 100 percent jump in Fresno.

Metro area Foreclosure rate (November 2011)
Stockton, Calif. 1 in 120 housing units
Riverside-San Bernardino, Calif. 1 in 125
Vallejo-Fairfield, Calif. 1 in 136
Bakersfield, Calif. 1 in 139
Modesto, Calif. 1 in 139
Las Vegas 1 in 150
Sacramento, Calif. 1 in 158
Fresno, Calif. 1 in 165
Merced, Calif. 1 in 182
Visalia-Porterville, Calif. 1 in 183

Source: RealtyTrac

Courtesy of


GSEs Total 2 Million Foreclosure Prevention Actions

Dec - 13 | | no comments. | blog

Servicers for Fannie Mae and Freddie Mac have completed almost 2 million foreclosure prevention actions for the two companies since they went into conservatorship in 2008, according to the Federal Housing Finance Agency’s (FHFA) third-quarter report.

More than half of these actions have been loan modifications, and of the remainder, about 676,500 have kept homeowners in their homes. About 269,700 were short sales or deeds in lieu.

The number of loans modified by the GSEs in the third quarter was 3 percent higher than that of the second quarter. The GSEs modified 83,600 loans during the third quarter.

About two-thirds of loan modifications completed during the third quarter included repayment reductions of more than 20 percent.

Fannie and Freddie also completed 48,900 repayment plans and 7,000 forbearance plans in the third quarter.

The number of borrowers in HAMP trial periods declined from 51,000 at the end of the second quarter to 42,300 at the end of the third quarter.

The FHFA says this decline occurred as borrowers completed their trial modifications and received permanent modifications.

About 22,600 trial modifications graduated into permanent modifications in the third quarter.

The total number of loans modified under HAMP since its inception falls just short of 400,000 at 380,300.

The GSEs also increased the number of loans refinanced under the Home Affordable Refinance Program (HARP) in the third quarter.

HARP refinancings increased 11 percent over the quarter, bringing the total to 928,600.

Additionally, over the third quarter, the GSEs saw serious delinquency rates decline from 3.85 percent to 3.81 percent.

However, the percentage of homeowners between 30 and 59 days delinquent increased from 2.04 percent in the second quarter to 2.07 percent in the third quarter.

REO inventory decreased from 196,000 to 182,000 over the quarter.


Bancos han tratado de salvar casas (2 millones), muchas de ellas han tratado de hacer modificacion de prestamos y otras han side shortsale or los duenos an dado la casa de regreso al banco voluntariamente.

Check Your Email Now and Confirm. Also I have bank owned houses not on the Market. Put your info below and we will give it to you For Free.

Gracias, Revise su Email y Confirme. Tambien,Tengo casas del Banco y Baratas no disponibles todavia al Publico, Quiere Verlas? Ponga su Info aqui.


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