11 Articles match "2007","Ideas","Sales"

• The Best from RealtyTrac

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• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. Anyone have ideas?
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Plays a Delicate Balancing Game With Rate Cut
  
  The rationale given for the move was the intensification of what the Fed continues to refer to as the nation’s housing “correction” which, by the way, has been ongoing for the better part of 2007. The problem is, many industry analysts are starting to come around to the idea that this “correction” may not bottom out until either year’s end 2008 or sometime in 2009. Then there’s In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Trickle Down Effecting High-Tech
  
  Results of a survey conducted during the fourth quarter of 2007 by The NPD Group , a market research firm servicing the retail sector, revealed a direct correlation between areas hard hit by the housing crisis and a marked decrease in the sale of consumer electronics — like LCD televisions and notebook computers — and related products such as printer ink and paper. 21 Tampa, where one in every 110 households received a foreclosure filing and a 127 percent increase in foreclosure activity was reported from the first quarter of 2007. The prolonged housing slump is having a measurable effect on the overall economy, and not just on home furnishings and housing supply chains (like Linens N’ Things, which recently filed for bankruptcy protection).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Fed Rate Decision is Ongoing'
  
  Does it mean that the nation’s real estate market’s bubble finally burst to such an extreme that they have no idea of when it might turn around? Even the National Association of Realtors, which originally thought the nation’s housing market would turn around significantly by year-end 2007, is pulling back a bit on its forecast , now calling for home sales to stabilize where they are this year, with noticeable improvement in sales activity by mid-2008. The Federal Reserve is starting to sound like a broken record. Oops!
  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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• Don't Dump Investors
  
  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. The idea that we can pick and choose among borrowers with toxic loans produces several false notions. Misconception No. Because when buyers look at recent home sales they do not distinguish between homes sold by owners and homes sold by investors, they merely look at sale prices. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies
  www.realtytrac.com - Tuesday, February 3, 2009
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• Bush Foreclosure Solution Just Adds Water
  
  Titled the “Mortgage Forgiveness Debt Relief Act of 2007,” HR 3648 is sponsored by Rep. This can directly affect the homeowners’ ability, or desire for that matter, to proceed with such things as short sales and other types of workout situations that may offer them foreclosure relief, for instance. “…the Administration strongly believes this relief should be temporary to assist homeowners during the current mortgage market transition period and to avoid distorting consumer and lender decisions on new mortgage loans,” the statement said. It wasn’t very long ago that President George W.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. 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 Option ARM Borrowers Running Out Of Time By Peter G. Miller 
  www.realtytrac.com - Tuesday, February 3, 2009
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• National Registration For Loan Officers Becomes Reality
  
  The sale of residential mortgages allows local lenders to have fresh capital which can then be used to originate more loans. study by the Miami Herald found that just in Florida “from 2000 to 2007, regulators allowed at least 10,529 people with criminal records to work in the mortgage profession. A year ago the idea of a national registration system for loan officers was seen as politically impossible, yet now such a system will soon be up and running. National Registration For Loan Officers Becomes Reality By Peter G. Miller    
  www.realtytrac.com - Tuesday, February 3, 2009
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• Long-Term Solution for Fannie and Freddie Dilemma
  
  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. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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