4 Articles match "2008","March","New York"

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Long-Term Solution for Fannie and Freddie Dilemma
The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. Back then I said "the time has come for Fannie Mae and Freddie Mac to end their quasi-government status and join the rest of the risk-taking and tax-paying mortgage buyers who populate the private sector. "However, the march to privatization should not be instant or foolish. Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Celebrity Foreclosures
Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. In March 2007, the Hearst mansion — known locally as the Villa Venezio — was put on the market by the Corcoran Group for $27 million. Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Foreclosure "Megatrends"
In a presidential year, Uncle Sam and politicians nationwide are rushing to unveil new and bolder schemes to unravel the foreclosure crisis. As federal, state and local government weighs in of the rising foreclosure mess, look for new plans to halt the foreclosure train wreck. Increasingly, homeowners who put little or no money down are walking away from their homes, mailing their keys — jingle mail — to lenders who gave them toxic loans, Foreclosures are rising. Home prices are falling.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Bank-Repossession Beat Continues in March
    foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. The year-over-year increase in bank repossessions was even more dramatic in some states: 619 percent in Arizona; 597 percent in New York; 557 percent in California; and 464 percent in Florida. View full March report. Posted 04-15-2008 2:00 AM by darenb For the third month in a row U.S. Foreclosure Market Report .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Celebrity Foreclosures
    Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. In March 2007, the Hearst mansion — known locally as the Villa Venezio — was put on the market by the Corcoran Group for $27 million. Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Foreclosure "Megatrends"
    In a presidential year, Uncle Sam and politicians nationwide are rushing to unveil new and bolder schemes to unravel the foreclosure crisis. As federal, state and local government weighs in of the rising foreclosure mess, look for new plans to halt the foreclosure train wreck. Increasingly, homeowners who put little or no money down are walking away from their homes, mailing their keys — jingle mail — to lenders who gave them toxic loans, Foreclosures are rising. Home prices are falling.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Long-Term Solution for Fannie and Freddie Dilemma
    The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. Back then I said "the time has come for Fannie Mae and Freddie Mac to end their quasi-government status and join the rest of the risk-taking and tax-paying mortgage buyers who populate the private sector. "However, the march to privatization should not be instant or foolish. Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE