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2 Articles match "America","Collateral","Foreclosures"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
CDOs, or “collateralized debt obligations” are complex securities that can be backed by various forms of assets, including mortgages. In September Merrill was bought by the Bank of America for $29 a share . Expected remaining losses: 19 percent ($30.706 billion) “The JPMorgan Chase valuations are must reading for any buyer of mortgage-backed securities,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, the countrys largest source How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a
www.realtytrac.com
- Tuesday, February 3, 2009
Another Approach to $700 Billion Bailout
If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. If the refinancing program was limited to half of the homeowners who will probably lose their homes to foreclosure, Uncle Sam would need to provide loans worth $220 billion. "(Another) alternative idea works like this: Instead of replacing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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-
How Much for Those Lender Assets in the Window?
CDOs, or “collateralized debt obligations” are complex securities that can be backed by various forms of assets, including mortgages. In September Merrill was bought by the Bank of America for $29 a share . Expected remaining losses: 19 percent ($30.706 billion) “The JPMorgan Chase valuations are must reading for any buyer of mortgage-backed securities,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, the countrys largest source How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a
www.realtytrac.com
- Tuesday, February 3, 2009
-
Another Approach to $700 Billion Bailout
If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. If the refinancing program was limited to half of the homeowners who will probably lose their homes to foreclosure, Uncle Sam would need to provide loans worth $220 billion. "(Another) alternative idea works like this: Instead of replacing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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