4 Articles match "2010","May"

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Option ARM Borrowers Running Out Of Time
Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: 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 payments. Option ARM Borrowers Running Out Of Time By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years are going to be pretty ugly in South Florida,” predicted McCabe, saying that Florida real estate will drop by another 10 to 15 percent in 2009 and the market will flatten by 2010. Maricopa’s Millionaire Mortgage Meltdown If Beverly Hills and Santa Barbara are too pricey, deals may be had in several other playgrounds of the rich and famous. 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.
www.realtytrac.com - Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
The irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in to try to save everyone and thereby undercuts those shaky steps toward a recovery. child will take a lot longer to learn to walk if her parent never lets her try on her own, but rushes over and picks her up everytime she stands up and gets ready to take a step -- because the parent is afraid that the child may fall.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New Poll: Buyers to Remain on the Fence
    Other survey results included: • A quarter of the 769 homeowners included in the random sample of 1,002 adults surveyed nationwide were worried that their homes may continue to lose value over the next two years. • For one, existing home sales — which went up in February — may be nothing more than a momentary blip on the radar screen. The idea that home prices If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Option ARM Borrowers Running Out Of Time
    Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: 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 payments. Option ARM Borrowers Running Out Of Time By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • High-End Foreclosures Rising Among Top Tier Homes
    The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years are going to be pretty ugly in South Florida,” predicted McCabe, saying that Florida real estate will drop by another 10 to 15 percent in 2009 and the market will flatten by 2010. Maricopa’s Millionaire Mortgage Meltdown If Beverly Hills and Santa Barbara are too pricey, deals may be had in several other playgrounds of the rich and famous. 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.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    The irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in to try to save everyone and thereby undercuts those shaky steps toward a recovery. child will take a lot longer to learn to walk if her parent never lets her try on her own, but rushes over and picks her up everytime she stands up and gets ready to take a step -- because the parent is afraid that the child may fall.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE