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8 Articles match "America","Credit"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
In September Merrill was bought by the Bank of America for $29 a share . In other words, not all of WAMUs liabilities. “In conjunction with this acquisition,” said JPMorgan Chase, it would be “marking down the acquired loan portfolio by approximately $31 billion, which primarily represents our estimate of remaining credit losses related to the impaired loans.” In its investor presentation regarding the transaction, JPMorgan Chase divided the WAMU mortgage portfolio into four parts and detailed its expected losses: $50.3 How Much for Those Lender Assets in the Window? By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers . Brady said the owners of high-end Hampton foreclosures tend to be “people who kept pulling money out of their houses for their business, using equity in their second homes to pay business debt, credit cards,
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I For example you see Bank of America adopting a massive, systematic loan modification program. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Customers, Employees Credited for RealtyTrac's Deloitte Fast 50 Ranking
Saccacio credited the company’s continued success to a loyal customer base of real estate investors, home buyers and real estate professionals who continue to see the value of the information and research tools RealtyTrac provides to successfully take advantage of foreclosure opportunities where they present themselves. This latest award comes on the heels of RealtyTrac’s selection in August as the 53rd fastest growing privately-held company in America by Inc. RealtyTrac was named to the Technology Fast 50 list for 2006 by the accounting firm of Deloitte & Touche USA LLP at an awards ceremony held Tuesday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Main Street Sink Wall Street?
Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. billion line of credit. The near-collapse Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages. The meltdown of the two funds has sent tremors through financial markets, causing investors
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How Much for Those Lender Assets in the Window?
In September Merrill was bought by the Bank of America for $29 a share . In other words, not all of WAMUs liabilities. “In conjunction with this acquisition,” said JPMorgan Chase, it would be “marking down the acquired loan portfolio by approximately $31 billion, which primarily represents our estimate of remaining credit losses related to the impaired loans.” In its investor presentation regarding the transaction, JPMorgan Chase divided the WAMU mortgage portfolio into four parts and detailed its expected losses: $50.3 How Much for Those Lender Assets in the Window? By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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Fed Gives in to Peer Pressure
So were lending institutions like Bank of America , which immediately lowered its prime rate. In a statement released Tuesday , the FOMC justified making the move (the first rate decrease in years after 17 consecutive upward rate “adjustments” under Alan Greenspan’s leadership, followed by more than a year of a wait and see stance with Fed Chairman Ben Bernanke at the helm). “Economic growth was moderate during the first half of the year, but the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally,” said
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Federal Lifeline DOA for Most People
They would not be the first people in America stuck in that situation. rdquo; In this particular case, mom and dad not only bought a home, but then they loaded up with substantial credit card debt and car loans. Or they could speak with a financial consultant or credit counseling service. After listening to NBC Senior Correspondent Lisa Myers’ story on The Today Show last week, I am more convinced than ever that, as the old saying goes, people want their cake and to eat it too! In my personal opinion*, that’s not going to happen in this economic downturn.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
In effect, the pay-off system would resemble the concept approved over the summer for first-time home buyers, a system which provides a $7,500 tax credit up front that must be repaid when the property is sold." Stop fanning the fantasy of the “American Dream” of owning an outrageous debt for the next 30 years.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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High-End Foreclosures Rising Among Top Tier Homes
But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers . Brady said the owners of high-end Hampton foreclosures tend to be “people who kept pulling money out of their houses for their business, using equity in their second homes to pay business debt, credit cards,
www.realtytrac.com
- Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I For example you see Bank of America adopting a massive, systematic loan modification program. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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