7 Articles match "Accounting","Refinance","Sales"

• The Best from RealtyTrac

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• Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
  
  More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! Finding financing for the foreclosure deal... Unfortunately, many buyers don’t have $15,000 or more in their savings account. Foreclosure Financing: How to Buy Foreclosure Real Estate Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. is one of the most difficult aspects of purchasing
  www.realtytrac.com - Tuesday, February 3, 2009
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• OTS Director Offers Alternative Plan to Congress
  
  Reich pointed to the FHASecure program as an example, where 116,000 loans have closed since the program was launched in September 2007, but only 1,500 of them were made to refinance delinquent conventional loans. Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Wachovia Changes The Lending Game
  
  By dumping prepayment penalties Wachovia has made it easier for borrowers to refinance option ARMs. In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be able to capture some of the “negative amortization” owed by borrowers. If home prices have risen Wachovia Changes The Lending Game By Peter G. Miller    
  www.realtytrac.com - Tuesday, February 3, 2009
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• July Foreclosure Report
  
  Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. The numbers dont take into U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Brokers should have to act either as agents of the borrower, thereby owing them a fiduciary duty, or as agents of the lenders, who would be responsible for the brokers' sales practices.” They are the ones that are causing this to go under, and there’s no transparency, no accountability,” Biden told The Washington Post . Among the steps Bush announced: • Urging Congress to pass With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  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. Whats most difficult about option ARMs is that theyre virtually impossible to refinance once home values fall. 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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• 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. More investor activity holds down interest rates, and thats good for anyone who wants to finance or refinance a home.” Licensing Standards Under the new rules individuals paid for taking a residential loan application or negotiating home loan rates and terms will have to be registered as loan originators. There are other standards National Registration For Loan Officers Becomes Reality By Peter G. Miller    
  www.realtytrac.com - Tuesday, February 3, 2009
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