215 Articles match "2008","Real Estate"

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Don't Dump Investors
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 economy works through this difficult period, we will look for additional opportunities to try to avoid preventable foreclosures. However, none of these efforts are a silver bullet that will undo the excesses of the past years, Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. Volatile real estate markets such as today support such prudence.” Even with such caution, Higgins says “still we aren’t protected in every instance where values can drop even more substantially.” As part of its share-the-risk philosophy, ING reduces borrower exposure by limiting financing choices. “We have NEVER offered option ARMs,” says Higgins. “We No Mortgage Meltdown For These Banks By Peter G. Miller  
www.realtytrac.com - Tuesday, February 3, 2009
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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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