15 Articles match "2007","Homes","Standards"

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Don't Dump Investors
The investor double-standard is hardly hidden. These efforts are to help American families who both want to and can, through a loan modification or re-financing, stay in their homes.” 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. Its Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity.
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
number of lenders have maintained traditional underwriting standards and mortgage offerings. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? 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. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not
www.realtytrac.com - Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Treasury in case of emergency and for decades they did not have to maintain the bookkeeping standards required by the Securities and Exchange Commission. Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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  • Lending Standards Continue to Tighten
    branches and agencies of foreign banks, found that 75 percent of those banks had tightened lending standards for prime loans since the previous survey, in April. Standards were tightened even more for “nontraditional” loans — 85 percent of banks that originate that type of loan said they had tightened standards on those loans. And six out of seven banks that originate subprime loans said they The results of a new survey released today by the Federal Reserve confirms what many people looking to buy or refinance already know — it’s hard to get approved for a loan.
    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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  • Home Prices Fall Deeper Into the Abyss
    Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now, being taken on the descending elevator ride of their lives, especially those
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Home Price Indices Reporting Record Lows
    Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of its purchase-only house price index. “These percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year basis
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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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 a year ago, according to the S&P/Case-Shiller Home Price Index released today. Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Now Homebuilders Face Foreclosure
    based Levitt & Sons, Elliott Building Group in Pennsylvania, Turner-Dunn Homes Inc. in Arizona, Kara Homes Inc. in New Jersey, and Neumann Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. But for many U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Economic Indicators: Image Is Everything
    1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. 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. Commerce Department reported that new home sales in February were down 1.8 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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  • And the Hits' Just Keep On Coming!
    Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. 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. Countrywide. Citigroup.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Don't Dump Investors
    The investor double-standard is hardly hidden. These efforts are to help American families who both want to and can, through a loan modification or re-financing, stay in their homes.” 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. Its Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Legislating Lower Foreclosure Rates?
    But opponents say the law is cutting down on the legitimate loans available to residents of the 10 zip codes and thereby will lower house values by reducing the number of potential buyers who can qualify for a loan, creating a glut of unsold inventory. The bill requires certain “high risk” mortgage applicants to receive credit counseling before taking out a home loan, and only applies to state-chartered loan originators, not federally chartered loan originators, according to the Chicago Association of Realtors. One such law is Illinois Senate Bill 2349 , which passed back in June
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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