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14 Articles match "2007","Company","Real Estate"
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The Latest from RealtyTrac
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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. It appears everywhere and is never challenged, as if real estate investors are somehow disposable players in the foreclosure mess. However, none of these efforts are a silver bullet that will undo the excesses 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
No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. But the real story with foreclosures 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
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Lastly, we have the real attraction of option ARMs, the option payment itself, a payment which is insufficient to even pay off the monthly interest cost. 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. Option ARM Borrowers Running Out Of Time By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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And the Hits' Just Keep On Coming!
All well known names in the world of finance, and all are now feeling the pinch due to an unstable real estate mortgage market and the lasting impacts the subprime mortgage crisis is having on their bottom lines. For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Now with the first week Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FDIC Selling Off Detroit Inventory
So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. King Auction Company of Gadsden, Ala., Reporting 4,781 properties with foreclosure filings for the month, the Detroit metroplex saw a 10 percent decline in foreclosure activity from the previous month and was 45 percent below the activity level reported in July 2007. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
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. It appears everywhere and is never challenged, as if real estate investors are somehow disposable players in the foreclosure mess. However, none of these efforts are a silver bullet that will undo the excesses 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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Economic Indicators: Image Is Everything
When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity.
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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From $2B Bailout to $4B Buyout at Countrywide
Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. Things were bad enough in 2007 when Countrywide Financial, along with many other mortgage lenders, was pummeled by rising defaults and foreclosures — forcing a slew of lenders to either close down their subprime divisions and lay off employees, or close their doors altogether. It didn’t take long from a historical perspective.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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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Foreclosure Salvation: By Grace or By Works?
set) up an auction system for mortgage companies that hold hundreds of thousands of these mortgages. Through this system, these companies could sell mortgages in bulk to banks and other buyers. million foreclosure notices filed in 2007, up 75 percent from 2006. But because she doubts the sufficiency of this plan to help all homeowners, Clinton called on President Bush to form an "emergency working group on foreclosures" to step in and evaluate the plan along with her proposal With a speech given today in Philadelphia , Sen. Hillary Clinton reinforced her standing as the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure "Megatrends"
questioned Jack McCabe, a real estate consultant in Deerfield Beach, Fla. Searching for Stimulus II? The solution lies in the hands of real estate investors and homebuyers. Return of the “Jingle Mail” Already, companies are positioning themselves to profit from the wreckage of the subprime folly. Foreclosures are rising. Home prices are falling.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Legislating Lower Foreclosure Rates?
One such law is Illinois Senate Bill 2349 , which passed back in June and is scheduled to become effective January 1, 2007. The ways it does that is it: Limits the amount so-called mortgage rescuers can make to 125 percent of the total debt on the home if the homeowner buys back the home from the rescuer. Requires that all mortgage rescue companies provide disclosures and give homeowners the right to cancel contracts, and increases penalties for violations. Requires that the mortgage rescuer provide the homeowner with at least 82 percent of the value of the home if the homeowner is not
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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