3 Articles match "America","Foreclosures","Taxpayer"

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How Much for Those Lender Assets in the Window?
At first it might seem that such a question has little to do with the current mortgage crisis, but actually its at the center of the recent legislation that authorizes the Treasury Department to pay out $700 billion in taxpayer money for financial paper of questionable value. In September Merrill was bought by the Bank of America for $29 a share . 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
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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Federal Lifeline DOA for Most People
As Myers points out in her story, the new housing bill signed by President Bush earlier in the week will help a fraction of the families facing foreclosure. Personally, what irked me the most about the piece was a couple she interviewed who are facing foreclosure and are obviously expecting this bill to be a personal bailout by the federal government. They would not be the first people in America stuck in that situation. 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!
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Federal Lifeline DOA for Most People
    As Myers points out in her story, the new housing bill signed by President Bush earlier in the week will help a fraction of the families facing foreclosure. Personally, what irked me the most about the piece was a couple she interviewed who are facing foreclosure and are obviously expecting this bill to be a personal bailout by the federal government. They would not be the first people in America stuck in that situation. 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!
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • How Much for Those Lender Assets in the Window?
    At first it might seem that such a question has little to do with the current mortgage crisis, but actually its at the center of the recent legislation that authorizes the Treasury Department to pay out $700 billion in taxpayer money for financial paper of questionable value. In September Merrill was bought by the Bank of America for $29 a share . 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
    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
    READ MORE