2 Articles match "2005","First Mortgage","Homes"

The Latest from RealtyTrac MORE
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. In
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A 'Dialogue' on the Housing Market
Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. When I got into this business, back in 2000, defaults were about 1 percent of all first mortgages. Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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. In
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A 'Dialogue' on the Housing Market
    Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. When I got into this business, back in 2000, defaults were about 1 percent of all first mortgages. Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE