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5 Articles match "2006","Balance","Sales"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
For option ARMs originated in 2006 and 2007 LoanPerformance says that 85 percent of all borrowers are paying no more than the minimum monthly payment (MMP), according to Fitch. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Short sales rising
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 MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third quarter income between 2006 and 2007. In its release, WaMu announced an expected 75 percent decline in quarterly net income compared to third quarter 2006. Ongoing weakness in the housing market, along with held-for-sale mortgages, net losses in the company’s trading securities portfolio and losses Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
For option ARMs originated in 2006 and 2007 LoanPerformance says that 85 percent of all borrowers are paying no more than the minimum monthly payment (MMP), according to Fitch. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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