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15 Articles match "2007","Residential"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
This is a huge issue because at the end of 2007 the United States had residential mortgages worth $10.5 How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much for that doggie in the window? At first it might seem that such a question has little to do with
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
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 adjustable rate mortgages," option ARMs are the most complex residential loan products ever offered.
www.realtytrac.com
- Tuesday, February 3, 2009
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. More investor activity holds down interest rates, and thats good for anyone who wants to finance or refinance a home.” Licensing Standards Under the new rules individuals paid for taking a residential loan application or negotiating home loan rates and terms will have to be registered as loan originators. study by the Miami National Registration For Loan Officers Becomes Reality By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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Flip, Hold or Fold?
Ryan Hartman works for a company that has been investing in foreclosures in Southern California since 1975 but recently decided to exit the residential marke
RealtyTrac Article Library
- Thursday, October 4, 2007
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Flip, Hold or Fold?
Ryan Hartman works for a company that has been investing in foreclosures in Southern California since 1975 but recently decided to exit the residential marke
RealtyTrac Article Library
- Thursday, October 4, 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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Waning Confidence a Concern That May Help Foreclosures
Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. Economics 401 – Effects of a housing ‘slump’? When James L. Doti, president of Chapman University, updated his 2006 economic forecast for the nation, he did have one question that could throw a monkey wrench into the equation, and he called it, THE BIG IF .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Data Suggests Decline in California Foreclosures
The current Chapman estimate is for 226,000 jobs to be created by year-end 2006, with another 150,000 jobs added during 2007. And what job losses there are – like in residential construction – should be absorbed elsewhere such as in non-residential construction. California’s latest economic numbers reported by forecasters at the A. Gary Anderson Center for Economic Research at Chapman University suggest that the number of foreclosures for the state will continue to dwindle for the foreseeable future.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Mortgage Reform to Calm Foreclosure Storm
Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes." Some of the primary components of the bill: Prohibits steering incentives to mortgage originators, In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Forecasters Change Housing Estimates for '07/'08
The drop in residential construction is steeper and over a longer time than many analysts had predicted. 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 The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Governor Suspends Controversial Law Affecting Investors
Rod Blagojevich suspended the law on January 19, 2007. A statement released by Dean Martinez, Secretary, Department of Financial and Professional Regulation, explained the decision to suspend the law by stating, “the Secretary received and reviewed information that suggests that the prior designation may be detrimental to the Pilot Program’s purpose, namely, to curb predatory lending practices in areas with high rates of foreclosure on residential home mortgages.” As we move forward in 2007, with the local market in It was controversial when it took effect, and it remained controversial until public officials decided enough was enough – roughly a little more than a year later.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
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 expenses for the quarter rose from $3 billion for Q4 2007 to $3.2 However, foreclosed property expenses decreased to $170 million for the latest quarter, from $179 million in Q4 2007. 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. And as with many corporations in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
2007). percent during the first quarter of 2008, the same rate of increase as tracked for the fourth quarter 2007. calls the “real residential fixed investment”), marked by a 26.7 One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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