Friday, September 28, 2007

17,211 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,308,329,521
(As of October 17, 2008)



Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings
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State Count Total Asking
Price($)
Average Asking
Price($)
AK256,720,500268,820
AL20726,304,996127,077
AR857,393,40086,981
AZ796131,416,250165,096
CA5,3341,280,894,200240,138
CO29356,856,297194,049
CT15828,129,187178,033
DC266,726,397258,708
DE263,803,399146,285
FL2,067310,620,129150,276
GA995114,184,224114,758
HI4516,195,900359,909
IA685,498,19980,856
ID7819,325,850247,767
IL763106,199,721139,187
IN36522,572,24461,842
KS827,340,05289,513
KY13110,699,74581,677
LA637,240,300114,925
MA24841,947,253169,142
MD28775,088,285261,632
ME444,090,20192,959
MI1,22879,788,48964,974
MN47065,877,036140,164
MO32029,765,67593,018
MS10111,085,497109,757
MT163,517,300219,831
NC38657,997,051150,251
ND0132,90032,900
NE302,565,00085,500
NH11319,786,874175,105
NJ22248,041,990216,405
NM355,779,500165,129
NV908170,383,405187,647
NY21944,943,769205,223
OH49229,316,41259,586
OK927,315,79979,520
OR11826,621,001225,602
PA18718,736,100100,193
RI9916,598,195167,659
SC16020,256,900126,606
SD091,027,200114,133
TN36936,042,99597,677
TX801101,284,242126,447
UT5220,151,600387,531
VA581127,079,755218,726
VT03469,700156,567
WA21954,086,700246,971
WI15414,689,30995,385
WV384,339,198114,189
WY091,503,200167,022
Total19,6183,308,329,521156,066











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Saturday, September 1, 2007

15,551 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $2,771,220,382
(As of September 1, 2008)


Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings.
State Count Total Asking
Price($)
Average Asking
Price($)
AK123,204,400267,033
AL14117,901,500126,961
AR383,737,00098,342
AZ614109,740,100178,730
CA4,1851,014,611,985242,440
CO21540,813,508189,830
CT15123,939,547158,540
DC287,607,299271,689
DE253,888,599155,544
FL1,939325,750,967167,999
GA74990,600,150120,961
HI4015,349,900383,748
IA353,533,600100,960
ID5115,931,100312,375
IL68699,058,318144,400
IN26917,208,58363,972
KS555,748,700104,522
KY725,966,82082,873
LA395,132,100131,592
MA25042,441,765169,767
MD29978,777,999263,472
ME232,393,900104,083
MI1,10982,623,89074,503
MN43864,974,859148,344
MO20719,790,31095,605
MS799,538,100120,735
MT101,888,000188,800
NC19437,504,773193,324
ND0159,90059,900
NE111,534,900139,536
NH8715,963,100183,484
NJ19843,066,572217,508
NM253,367,500134,700
NV593115,635,760195,001
NY17841,875,148235,254
OH34822,597,83964,936
OK556,391,700116,213
OR7518,819,100250,921
PA13316,585,182124,701
RI9415,433,849164,190
SC11214,388,400128,468
SD06844,500140,750
TN24025,703,992107,100
TX51471,925,013139,932
UT4115,312,038373,464
VA615142,258,917231,315
VT01112,900112,900
WA13134,364,053262,321
WI10910,774,71498,851
WV284,117,833147,065
WY03429,700143,233
Total15,5512,771,220,382165,351










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Saturday, August 11, 2007

15,108 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $2,707,749,339
(As of August 11, 2008)



Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings.
State Count Total Asking
Price($)
Average Asking
Price($)
AK071,470,300210,043
AL14316,982,348118,758
AR383,399,90089,471
AZ722131,961,160182,772
CA3,738916,042,431245,062
CO20941,664,784199,353
CT15626,734,199171,373
DC215,929,899282,376
DE233,659,900159,126
FL1,839340,637,706185,230
GA69484,196,986121,321
HI4015,085,700377,143
IA394,554,700116,787
ID5114,928,850292,723
IL709103,819,667146,431
IN28717,334,30260,398
KS485,233,767109,037
KY887,388,64883,962
LA475,571,300118,538
MA25141,081,675163,672
MD28074,116,611264,702
ME171,782,300104,841
MI1,10289,247,75580,987
MN46470,613,256152,184
MO22020,631,72093,781
MS9010,899,762121,108
MT081,775,200221,900
NC16128,851,798179,204
ND02159,80079,900
NE152,068,500137,900
NH8114,693,549181,402
NJ19042,138,261221,780
NM264,192,500161,250
NV488101,698,800208,399
NY16939,944,291236,357
OH39725,314,92563,766
OK544,812,60089,122
OR7218,353,500254,910
PA13317,313,336130,175
RI9115,052,199165,409
SC9513,913,563146,459
SD08848,300106,038
TN26026,718,111102,762
TX59282,695,449139,688
UT4817,368,200361,838
VA631147,276,989233,403
WA11731,779,300271,618
WI11611,177,45696,357
WV294,323,286149,079
WY02309,800154,900
Total15,1082,707,749,339166,896









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Wednesday, August 8, 2007

Experian: Fifty Percent of Consumers Are Uncomfortable Making a Major Purchase in the Next Three Months

According to the latest Experian-Gallup Personal Credit Index consumers don't plan on making any significant purchases (homes, cars, plasma TV's, granite countertops, etc...) any time soon. What's interesting to note about this survey is that consumer credit perceptions have been negatively impacted by the subprime mortgage fallout along with rising foreclosures, and the recent spike in long-term interest rates.

From Experian: “Key results on consumer attitudes toward the mortgage market include:

* 58 percent believe the problems in the subprime mortgage market will affect the overall mortgage market, while 24 percent feel the problems will be contained.
* 61 percent of consumers who are very familiar with subprime mortgage loans believe the problems in the subprime mortgage market will spill over into the overall mortgage market.
* 55 percent believe the federal government should pass new legislation helping subprime borrowers keep their homes and avoid foreclosure.

Overall, about 52 percent of consumers surveyed feel the average price of homes in their area will increase over the next year, while 29 percent believe prices will remain about the same. Eighteen percent of consumers expect that prices in their area will decrease.

Among homeowners, 50 percent believe that average prices will increase, while 32 percent feel they will stay about the same.” read full article >>

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Sunday, July 22, 2007

13,878 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $2,469,313,620
(As of July 22, 2008)



Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings
.
State Count Total Asking
Price($)
Average Asking
Price($)
AK081,916,200239,525
AL13014,507,099111,593
AR292,401,00082,793
AZ611114,579,346187,528
CA3,378832,280,975246,383
CO19439,233,200202,233
CT15126,446,099175,140
DC205,468,290273,415
DE182,776,200154,233
FL1,741312,350,100179,408
GA66279,139,438119,546
HI2910,470,400361,048
IA313,956,850127,640
ID4210,926,400260,152
IL60487,811,655145,384
IN28316,663,58658,882
KS495,222,450106,581
KY917,846,85086,229
LA374,714,300127,414
MA27544,928,405163,376
MD27174,060,549273,286
ME171,726,300101,547
MI1,03581,133,41278,390
MN44868,998,000154,013
MO19418,355,23094,615
MS8210,376,747126,546
MT081,878,200234,775
NC13423,730,572177,094
ND03249,70083,233
NE112,037,900185,264
NH7713,879,850180,258
NJ16237,254,462229,966
NM223,381,800153,718
NV503104,757,941208,266
NY15435,979,561233,634
OH41725,514,82361,187
OK414,629,000112,902
OR5714,182,400248,814
PA11414,210,120124,650
RI8915,466,299173,779
SC8410,701,700127,401
SD08922,300115,288
TN21521,245,64498,817
TX50769,923,906137,917
UT3512,732,701363,791
VA570135,546,373237,801
WA9926,501,800267,695
WI10010,051,287100,513
WV355,621,500160,614
WY03624,700208,233
Total13,8782,469,313,620169,250









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Wednesday, July 18, 2007

The Mortgage Lender Implode-O-Meter reaches 100!


100 173 Major U.S. Lenders Have ‘Imploded’

From Implode-O-Meter (A popular web site that tracks failing or "imploded" lenders): “This is our list of lending operations that have ‘imploded’ (see also ailing lenders). ‘Imploded’ is somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or ‘firesale’ acquisition. Important: All information here is provisional. If you are planning on doing business with any of these companies you should inquire with them on whether they can still meet your needs. Many are still operating in some capacity.

“The Companies include all types (prime, subprime, or a mix of both; retail or wholesale; subsidiaries and entire companies). The list, with links to stories and whatever details we have available (most recent first) follows:”

Number 100: CIT Home Lending

“CIT Group, a major conglomerate lending and investment shop, is exiting the home lending business entirely, after taking an ‘unexpected’ (hah!) loss of $127 million in the second quarter.” read more >>

Update: 173