7 Articles match "2006","Collections","Properties"

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• 2006: An Adjustable' Year for Foreclosures
  
  Based on data collected between December 18 and December 21, 2006, the survey cited three major conclusions: That the overall market share of adjustable-rate mortgages (ARMs) as a whole declined in 2006 as the savings gap in interest rates between ARMs and fixed-rate mortgages shrank; Lenders offered greater incentives (discounts) in 2006 in order to maintain the flow of ARM originations coming in the door; and Hybrid loans — particularly the very popular 5/1 ARM where the teaser interest rate is fixed for five years before the lender can push the interest rate upward — became the most popular
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• US Foreclosures a Mixed Blessing in Q2
  
  As the most recently collected data reported today in RealtyTracs Q2 2006 U.S. On the positive side, foreclosure activity nationwide during Q2 2006 rose 25 percent over the same quarter last year to 272,109 properties . On the flip side, however, foreclosure activity nationwide decreased 16 percent between the first and second quarters of the year, meaning there are less properties to invest in, thus making the search for properties that will pencil out as a "good deal" even Foreclosure Market Report suggests, there is both an upside and a downside to the latest numbers.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Thanksgiving a Time to Reflect . . . on Foreclosures Too!
  
  Volunteers go out and serve meals to the hungry, religious and non-profit organizations run campaigns to collect food, clothing, blankets, etc. If you have been following RealtyTrac during the year you have witnessed the ebb and flow of foreclosure activity around the country every month of 2006 so far. RealtyTrac is a prime source of information that can provide you with leads and educate you on how to help these people in a way that Traditionally, Thanksgiving is a time we take to reflect on our lives and what we can do to make the world a better place in which to live. for the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. With higher home values properties could be readily sold or refinanced with little risk. As to negative amortization, accounting rules treat such increased borrower debt as lender "income" — even though it has not been 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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• 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 August 2006, Steven Krystofiak, President of the Mortgage
  www.realtytrac.com - Tuesday, February 3, 2009
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• 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 their peak in July 2006. "There have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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