17 Articles match "2008","Journal"

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Long-Term Solution for Fannie and Freddie Dilemma
government, Fannie and Freddie dont need to be solvent," says the Wall Street Journal. "They Commercial banks and savings institutions insured reported a net income of $5 billion in the second quarter of 2008, according to the Federal Deposit Insurance Corporation (FDIC). Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for Fannie Mae and Freddie Mac.
www.realtytrac.com - Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
June Fletcher of The Wall Street Journal sagely advises that the answer is "For some people, yes. We sold a condo and bought a single-family home.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The Milwaukee Journal Sentinel posted a similar article last month. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The $3 Billion Foreclosure Payday
    In one year, Paulson made more money than The Donald made in a lifetime, according to the Wall Street Journal . Mortgage experts were too caught up” in the housing boom,” Paulson told the Wall Street Journal. “I’ve And things are looking even better in 2008 for the doomsday trading titan as real estate prices tumble and foreclosures spread like wildfires. You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Screech from "Saved by the Bell" in Foreclosure
    This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the Milwaukee Journal-Sentinel . The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee."
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • A Small Silver Lining in Q1 Foreclosure Storm
    While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. moratorium on all foreclosure sales scheduled in April there has now been replaced by a pilot program that delays foreclosure proceedings on owner-occupied properties until the homeowner and lender meet in a "conciliation conference," according to the Philadelphia Business
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Legend of Foreclosure Vandalism Grows
    The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless. With apologies to Prison Mike from "The Office," we want to scare rookie foreclosure buyers and investors straight. Posted 04-02-2008 7:22 AM by darenb Filed under: Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends Comments
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Won't Break the Market Next Year
    Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. In fact a recent Wall Street Journal
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Recession Risk Rising
    But according to the Wall Street Journal : “the Federal Reserve can’t flip its easy-money switch and immediately end the credit crunch, forestall home foreclosures, and leap tall buildings at a single bound.” Amid fears the economy could be slipping into a recession , President George W. Bush abandoned his usually sunny rhetoric last week and painted a darker picture of the economy’s condition. “We
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New Heat Maps Look Really Cool!
    The story that ran last Friday in the Wall Street Journal’s “Developments” blog featured these new multi-colored foreclosure heat maps developed under a partnership agreement between RealtyTrac and HotPads.com . Anyone who has checked out this blog on a regular basis should be familiar with the national heat map RealtyTrac produces every month that correlates with the release of its national data for the month. Now, a recently developed partnership has gained some national attention from the media, taking the heat map phenomenon to a whole other level.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Ed McMahon Fighting Foreclosure
    Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is the latest casualty of an ever-growing foreclosure crisis that is gripping the nation. Yesterday, the Wall Street Journal reported that McMahon was $644,000 in arrears on a $4.8 million loan for a home in Beverly Hills, California. The 85-year old McMahon fell and broke his neck 18 months ago and defaulted on $4.8
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Fouls Up Sports Stars
    He now lives in a smaller home in an unknown location. As for Sprewell, just last week he lost the home he purchased for $405,000 back in 1994 in the affluent Milwaukee suburb of River Hills to foreclosure, according to the Milwaukee Journal-Sentinel . The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, the Journal-Sentinel reported. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Subprime Market Sinking Further Into the Abyss
    The Orange County Business Journal reported Monday that Wall Street analysts are now predicting possible liquidation or bankruptcy for the once high flying subprime lender. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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