68 Articles match "2007","Market","Real Estate"

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Don't Dump Investors
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 of the past years, nor are they designed to bail out real estate speculators or those who committed fraud during the mortgage process. Introducing the Hope Now program in 2007, President Bush said “weve got a role, Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
Unlike virtually every other mortgage lender, Hudson doesn’t make option ARMs, doesn’t sell loans in the secondary market and doesn’t offer credit cards. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has
www.realtytrac.com - Tuesday, February 3, 2009
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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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