|
|
10 Articles match "2005","Equity","Homes"
|
The Latest from RealtyTrac
|
MORE
|
|
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. percent loan-to-value ratio meaning that the borrower has put in No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months Option ARM Borrowers Running Out Of Time By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures Won't Break the Market Next Year
Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. All those who bought or refinanced
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Extreme' Dream Gone Bust
ABC’s Extreme Makeover Home Edition came to the rescue, demolishing the Harper’s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia. When the show first aired back on February 20, 2005, the home was the largest ever built in a week by the show. The home, built with the help of 1,800 volunteers and Atlanta-based Beazer Homes, is now scheduled for public foreclosure auction on August 5. Three years ago Patricia and Milton Harper received a gift courtesy of reality television.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fed Stands Fast on Rate; Little Solace for Homeowners
Although this bodes well for consumer loans, home equity lines of credit, and credit cards, it does little to alleviate the long-term effects starting to be felt by homeowners who signed on to very risky adjustable-rate subprime mortgages during 2005 and 2006. Total foreclosures increased nationwide by 42 percent from 2005 to 2006, according to the latest figures released by RealtyTrac . It wasn’t long after Ben Bernanke took over the reins of the Federal Reserve from Alan Greenspan that he put a halt to the 17 consecutive upward adjustments in the federal funds rate (FFR) — the short-term interest rate banks charge each other — back in August 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Short sales rising
Short sales occur when home prices fall and mortgage debt exceeds the value of the property. short sale refers to a situation where a homeowner lacks sufficient equity to close a transaction and asks the lender to accept less than the full mortgage balance for a loan payoff. If the lender agrees, homeowners can sell their depreciated home and settle their debt for a reduced sum. Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. percent loan-to-value ratio meaning that the borrower has put in No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
-
Option ARM Borrowers Running Out Of Time
You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months Option ARM Borrowers Running Out Of Time By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
-
OTS Director Offers Alternative Plan to Congress
Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. By contrast, the OTS Foreclosure Prevention Proposal does ask for FHA guaranteed loans for distressed borrowers in owner-occupied homes. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
As Foreclosures Mount, Candidates React to the Credit Crisis
Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Hillary Rodham Clinton wants to put an end to prepayment penalties for home mortgages and to set up a $2 billion federal fund to help homeowners avoid foreclosure. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
July Foreclosure Report
This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
