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5 Articles match "2006","Avoid","California"
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The Government Goes After Loan Officers
The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated
www.realtytrac.com
- Tuesday, February 3, 2009
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Avoiding, Stopping Foreclosures Information, Helpful Resources, Stop Home Foreclosure - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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California Foreclosures 2007: Steady As She Goes
Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. seem to indicate that California is economically sound and stable. That said, foreclosure levels for 2007 are more likely A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals. The state hit its peak towards the end of the year,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Study Forecasts Rising Subprime Foreclosures
The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation. It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. That’s because the borrower is the only party who is purely motivated to avoid foreclosure. A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Government Goes After Loan Officers
The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated
www.realtytrac.com
- Tuesday, February 3, 2009
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