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19 Articles match "2007","Interest Rates","Sales"
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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. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. Introducing the Hope Now program in 2007, President Bush said “weve got a role, Don’t Dump Investors By Peter G. The investor double-standard is hardly hidden.
www.realtytrac.com
- Tuesday, February 3, 2009
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. As UBS analysts point out, because Fannies and Freddies subordinated debt is used when they calculate capital -- the financial cushion regulators require to support the companies operations -- interest payments on the debt may have to stop if
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option
www.realtytrac.com
- Tuesday, February 3, 2009
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Are Mortgage Application Numbers On Target?
You reasonably might think that with home sales down, new construction slowing and interest rates up, it would make sense if there was a decline in mortgage applications. But you would be wron
RealtyTrac Article Library
- Thursday, October 18, 2007
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Are Mortgage Application Numbers On Target?
You reasonably might think that with home sales down, new construction slowing and interest rates up, it would make sense if there was a decline in mortgage applications. But you would be wron
RealtyTrac Article Library
- Thursday, October 18, 2007
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California Foreclosures 2007: Steady As She Goes
That said, foreclosure levels for 2007 are more likely to be a continuation of 2006, rather than a reprise of the early 1990s when foreclosures were rampant due to extensive job losses, high interest rates, high inflation and a resulting recession. Only a slight uptick in job creation throughout California is expected, along with low housing affordability, a larger inventory of unsold houses, declining home prices, lower sales volume and less residential construction. Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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2007: Housing Slowdown Good for Foreclosures
That means 2007 should be a good year for anyone involved in the foreclosure sector of the market — whether they are real estate agents, potential home buyers or real estate investors. Some highlights of the Chapman forecast: The sky isn’t falling, but housing prices are projected to decline 2.2 Mortgage rates increased 15 percent between 2005 and 2006, but economist and Chapman President James L. The cooling real estate sector will continue to plague the national economy next year, but enough positive economic fundamentals remain in place to counteract forces threatening to push the U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Top 7 Foreclosure Stories of Past Year
The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 200
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Top 7 Foreclosure Stories of Past Year
The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 200
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Now Homebuilders Face Foreclosure
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. Sales of new homes have suffered the biggest decline since records began in 1963. But for many U.S. homebuilders the risk of foreclosure through bankruptcy has sharply risen under the pressure of the grim housing market.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Forecasters Change Housing Estimates for '07/'08
With the housing market languishing on the downslide, Doti expects export sales — which are forecasted to increase by almost $100 billion in both 2007 and 2008 — to replace real estate as the major driver of economic growth in this country. Still, Doti, along with his colleague Essie Adibi, director of the Anderson Center, are diligently standing by their 2007 forecast made last December that real GDP will pickup for the second quarter of 2007 (2.1 The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Fed Rate Decision is Ongoing'
For example, for 17 consecutive meetings the Fed raised interest rates by a quarter of a percent each time (25 basis points in economist lingo), and the code word they used to justify those rate increases was adjustment . For months now, part of the Fed’s official justification for keeping the Federal Funds rate at 5.25 The Federal Reserve is starting to sound like a broken record. Oops!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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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