2 Articles match "2010","Alt-A","Sales"

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Option ARM Borrowers Running Out Of Time
You say you want to buy a home but have no money. Well dont worry about a thing. Youve got a friend in the business. Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. Among these loans, Fitch expects roughly $29 billion to recast by Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
www.realtytrac.com - Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. Jack McCabe, a real estate consultant in Deerfield Beach, Fla., But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers .
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • High-End Foreclosures Rising Among Top Tier Homes
    High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. Jack McCabe, a real estate consultant in Deerfield Beach, Fla., But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers .
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Option ARM Borrowers Running Out Of Time
    You say you want to buy a home but have no money. Well dont worry about a thing. Youve got a friend in the business. Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. Among these loans, Fitch expects roughly $29 billion to recast by Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE