5 Articles match "Accounting","Ideas","Sales"

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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com - Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. In the end, the most likely solution will be loan modifications, new deals between option ARM borrowers and Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step
www.realtytrac.com - Tuesday, February 3, 2009
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  • Long-Term Solution for Fannie and Freddie Dilemma
    If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Stop Home Foreclosure
    Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson    If you are currently in foreclosure, strongly consider selling your property as a backup plan.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • The Government Goes After Loan Officers
    Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
    www.realtytrac.com - Tuesday, February 3, 2009
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  • National Registration For Loan Officers Becomes Reality
    The sale of residential mortgages allows local lenders to have fresh capital which can then be used to originate more loans. There are other standards and requirements as well, but the basic point is this: Once the system is in place every loan officer will either be registered or out of the home loan business. “The new law creates an historic opportunity for the states to increase accountability of mortgage professionals and enhance consumer protection,” says Bill Matthews, president and chief executive officer of the State Regulatory Registry . “Through National Registration For Loan Officers Becomes Reality By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Option ARM Borrowers Running Out Of Time
    Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. In the end, the most likely solution will be loan modifications, new deals between option ARM borrowers and Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE