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36 Articles match "2008","Company","Real Estate"
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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. It appears everywhere and is never challenged, as if real estate investors are somehow disposable players in the foreclosure mess. 23, 2008.) Our Secretary of the Treasury, Henry Paulson, says “as our Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
www.realtytrac.com
- Tuesday, February 3, 2009
No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. But the real story with foreclosures No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) 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 Option ARM Borrowers Running Out Of Time By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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The 7 Lost Secrets of Foreclosure Investing
Rapid and sweeping changes in the real estate market are altering the way investors and agents buy and sell properties — especially foreclosures. Increasingly, real estate investors are relying on the Internet to locate, track and ultimately buy and sell real estate. But real estate investing, like sailing a ship in the open sea, is a science of proved principles and methods. Indeed, navigating the uncharted waters of the foreclosure process can be a perilous journey. Therefore, RealtyTrac has compiled The 7 Lost Secrets of Successful
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FDIC Selling Off Detroit Inventory
In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now. So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
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. CNNMoney reported last Tuesday that Fannie’s CEO Daniel Mudd is optimistic overall about the company’s future, but sees more challenges lying ahead for the rest of 2008 and possibly beyond. “As And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
All well known names in the world of finance, and all are now feeling the pinch due to an unstable real estate mortgage market and the lasting impacts the subprime mortgage crisis is having on their bottom lines. For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Citigroup came out with Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Housing Starts Rise, Though Permits Fall
Those jitters were only made worse in the past several weeks as companies working in the subprime mortgage industry went out of business, filed for bankruptcy or fired hundreds of employees as mortgage defaults rose. To say on top of all the latest news and events in the real estate industry, go to RealtyTrac’s News & Events section. Posted 03-21-2007 8:44 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trend The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Customers, Employees Credited for RealtyTrac's Deloitte Fast 50 Ranking
Saccacio credited the company’s continued success to a loyal customer base of real estate investors, home buyers and real estate professionals who continue to see the value of the information and research tools RealtyTrac provides to successfully take advantage of foreclosure opportunities where they present themselves. This latest award comes on the heels of RealtyTrac’s selection in August as the 53rd fastest growing privately-held company in America by Inc. RealtyTrac was named to the Technology Fast 50 list for 2006 by the accounting firm of Deloitte & Touche USA LLP at an awards ceremony held Tuesday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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What's Causing the Credit Crunch?
Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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40 Is the New 30 for Lenders and Investors
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, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. For real estate investors it could be a double-edged sword. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Illinois Housing Law Draws 2nd Suit
The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If quot; The mortgage counseling law is generating a rising chorus of critics — from homeowners, lenders, realtors, investors, consumer rights advocates, title companies
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Greed and Deceit Get Their Comeuppance in Any Cycle
It’s a recurring theme in the real estate industry; mostly visible in the financial sector, although one would have to be a fool to believe it didn’t take place in every aspect of the real estate transaction. Although these two events took place during different real estate cycles and economies, comeuppance was similarly swift for both. Greed and deceit. And let’s not forget all the news stories out there about mortgage and foreclosure scams these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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