Sharga: Several more years with nearly 1M foreclosures per year

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8 Million More Foreclosures May Be Waiting "The definition of shadow inventory has gotten out of control," says Rick Sharga, senior vice president at RealtyTrac, an online market for distressed homes. As a result, estimates of homes in the shadows vary widely between 2 million and 8 million.

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The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services.

Sharga: Several more years with nearly 1M foreclosures per year Rushmore Loan Management Services to open branch in Puerto rico kevin berman south florida real Estate. Questions? Questions?

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Years of foreclosures ahead. The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.

Fixed mortgage rates hit 50-year lows: Freddie Mac One analysis indicates that rates have hit a 50-year low. 30-Year Fixed Mortgage. The average 30-year fixed rate mortgage was 4.90 percent Friday, according to data collected by Best Syndication News. Rates dropped from 4.94 percent Thursday and 4.97 percent last Friday. Freddie Mac calculated the average to be 4.84 percent this last week.

U.S. Foreclosure Activity Drops to More Than 11-Year Low in Q3 2017. Solutions, curator of the nation's largest multi-sourced property database, in August compared to a year ago, and year-to-date nearly 5,000 Houston-area homes.

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