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3 Articles match "America","Foreclose","Note"
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The Latest from RealtyTrac
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As Home Prices Plummet, When Will You Buy?
This chart/trend shows foreclosure filing continuing to spike higher but the trend noted below leads you to believe it should be moderating. For example you see Bank of America adopting a massive, systematic loan modification program. We live in north San Diego and we see a lot of “short sales” and foreclosed properties in some neighborhoods (e.g. 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 released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Big Ben Is Finally Talking Foreclosures
Speaking at the Independent Community Bankers of America Convention in Orlando, Bernanke noted that 1.5 Declines in short-term interest rates and initiatives involving rate freezes will reduce the impact somewhat, but interest rate resets will nevertheless impose stress on many households,” Bernanke noted. Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
|
-
Big Ben Is Finally Talking Foreclosures
Speaking at the Independent Community Bankers of America Convention in Orlando, Bernanke noted that 1.5 Declines in short-term interest rates and initiatives involving rate freezes will reduce the impact somewhat, but interest rate resets will nevertheless impose stress on many households,” Bernanke noted. Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
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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As Home Prices Plummet, When Will You Buy?
This chart/trend shows foreclosure filing continuing to spike higher but the trend noted below leads you to believe it should be moderating. For example you see Bank of America adopting a massive, systematic loan modification program. We live in north San Diego and we see a lot of “short sales” and foreclosed properties in some neighborhoods (e.g. 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 released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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