2 Articles match "America","Collateral","Homes"

The Latest from RealtyTrac MORE
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 . billion in home equity loans and lines of credit. How Much for Those Lender Assets in the Window? By Peter G. Miller    Long ago there was a song which asked the magic question, how much for that doggie in the window?
www.realtytrac.com - Tuesday, February 3, 2009
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Another Approach to $700 Billion Bailout
million homes are likely to be in the "process of foreclosure" during the coming 12 to 18 months. 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 Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • 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 . billion in home equity loans and lines of credit. How Much for Those Lender Assets in the Window? By Peter G. Miller    Long ago there was a song which asked the magic question, how much for that doggie in the window?
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Another Approach to $700 Billion Bailout
    million homes are likely to be in the "process of foreclosure" during the coming 12 to 18 months. 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 Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE