|
|
14 Articles match "2008","America","Bank"
|
The Latest from RealtyTrac
|
MORE
|
|
Another Approach to $700 Billion Bailout
Also loan money to troubled banks using mortgage as collateral; 10 cents to a dollar. It seems crazy that real estate history appraises itself higher and higher, with loan and bank companies and anyone else who runs with the pack feeding the fantasy. Stop fanning the fantasy of the “American Dream” of owning an outrageous debt for the next 30 years. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosures in Money's 'Best Places to Live'
Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). And the winner is . . . Fort Collins, Colorado.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
The Bank of America-Countrywide Merger
The Bank of America’s $4 billion purchase of Countrywide Financial Corporation is now being scrutinized by just about every Wall Street analyst and financial columnis
-
The Bank of America-Countrywide Merger
The Bank of America’s $4 billion purchase of Countrywide Financial Corporation is now being scrutinized by just about every Wall Street analyst and financial columnis
-
New Ultimatum Hits Lenders: Buy Loans or Foreclose
It was in early October when Bank of America said it would modify 400,000 mortgages originated during past few years by its newly acquired Countrywide subsidiar
RealtyTrac Article Library
- Monday, December 8, 2008
-
From $2B Bailout to $4B Buyout at Countrywide
Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime mortgage mess — which reportedly almost forced the firm into filing for bankruptcy protection earlier this week. Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. It didn’t take long from a historical perspective.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Will Main Street Sink Wall Street?
Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Lenders help their customers curb foreclosures
Banks are increasingly testing new strategies to help curb mortgage delinquencies . Bank of America Corp. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. To prevent potential problems, National City Corp. —
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures in Money's 'Best Places to Live'
Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). And the winner is . . . Fort Collins, Colorado.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
40 Is the New 30 for Lenders and Investors
Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
March Mania and RealtyTrac's Sweet 16 Foreclosure List
Trenton, NJ — Opening Bid: $83,700 MIDWEST REGION SEMIFINAL With bank-owned houses cheaper than a used car in Detroit, Michigan and Columbus, Ohio, why not buy the whole block? Don’t miss next weeks tip off, when RealtyTrac announces America’s “Elite Eight” — a fast break list of the most expensive foreclosures in the nation. Posted 03-23-2007 4:38 PM by Octavio Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fed Gives in to Peer Pressure
In a simultaneous move Tuesday, the Fed’s Board of Governors also reduced its discount rate (the rate charged by banks to each other to borrow funds overnight) by 50 basis points to 5.25 So were lending institutions like Bank of America , which immediately lowered its prime rate. Television reporters — their crystal balls in tow — were talking about it like it was a done deal before it was even announced. Analysts were beyond whether it was going to happen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
