12 Articles match "2007","Company","Properties"

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Don't Dump Investors
Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. Introducing the Hope Now program in 2007, President Bush said “weve got a role, the government has got a role to play — but it is limited. Because investor properties lost to foreclosure will continue to flood the Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
www.realtytrac.com - Tuesday, February 3, 2009
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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. As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. 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
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Option ARM Borrowers Running Out Of Time
Because Fitch says that a 40-year loan term represented 4 percent of all option ARMs in 2004 -- but 38 percent by 2007. A loan with four payment options may seem fairly understandable, but in the real world a lot of borrowers did not take out option ARMs because they wanted to make fully-amortizing payments. 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. Option ARM Borrowers Running Out Of Time By Peter G. Miller 
www.realtytrac.com - Tuesday, February 3, 2009
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  • Coastal Disasters = More Foreclosures?
    It also brings back bad memories of dealing with insurance companies and very slow claims service. It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Many insurance companies that WERE writing homeowner’s insurance policies pulled out of California altogether after that one. For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • FDIC Selling Off Detroit Inventory
    King Auction Company of Gadsden, Ala., to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 The property mix will include single-family, duplex, triplex and commercial properties plus land. Reporting 4,781 properties with foreclosure filings The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Fannie: Q1 a Swift Kick in the Rear
    It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit. billion loss reported for Q4 2007, it pales in comparison to the $961 million profit the GSE reported for the same quarter a year ago. Credit-related And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
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    www.realtytrac.com - Tuesday, February 3, 2009
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  • Two Heavy Hitters Slapped with Foreclosure Notices
    13, 2007, in a 12-round loss to Sultan Ibragimov. Next, a Utah consulting company hit the prize fighter with a suit for failing to repay a $550,000 loan related to landscaping his estate, reports the Atlanta Constitution . Another heavyhitter in foreclosure is Adam “Pacman” Jones , former cornerback for the Tennessee Titans, who signed with the Dallas Cowboys in April 2008 after a one-year suspension from the NFL due to numerous legal entanglements . The property, which went into foreclosure in April, Former heavyweight boxing champion Evander Holyfield is on the foreclosure ropes.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 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. As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. 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
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  • Legislating Lower Foreclosure Rates?
    An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors. One such law is
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Economic Indicators: Image Is Everything
    2) On Tuesday, the Standard & Poor’s/Case-Shiller home price index reported the worst decline in home prices since the company started tracking data back in 1987. percent from February 2007, although the median home price of a new home increased 8.2 What does all this mean to anyone looking to the nation’s foreclosure market for a home purchase? It means that there has never been a better time in When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Don't Dump Investors
    Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. Introducing the Hope Now program in 2007, President Bush said “weve got a role, the government has got a role to play — but it is limited. Because investor properties lost to foreclosure will continue to flood the Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Foreclosure "Megatrends"
    Return of the “Jingle Mail” Already, companies are positioning themselves to profit from the wreckage of the subprime folly. Banks and Builders Buckle If 2007 was the year of the mortgage meltdown, where hundred of subprime lenders became extinct, then 2008 could shape up to be the year where banks and homebuilders buckle under the crushing strain of debt. This week alone, two trophy properties were swept away in the foreclosure tsunami. Foreclosures are rising. Home prices are falling.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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