4 Articles match "America","May","Press"

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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 . What they show is that investors today, including Uncle Sam, should be able to value mortgage paper with some clarity.” The catch, said Saccacio, is that loan portfolios likely differ so much that generalizations may not work. “Every would-be buyer of mortgage-related securities will have to review portfolios with enormous care. Hopefully the WAMU portfolio is not typical, otherwise Uncle Sam may need a lot more than $700 billion How Much for Those Lender Assets in the Window? By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little For example you see Bank of America adopting a massive, systematic loan modification program. The irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in to try to save everyone and thereby undercuts those shaky steps 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
www.foreclosurepulse.com - Tuesday, December 16, 2008
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40 Is the New 30 for Lenders and Investors
Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 40 Is the New 30 for Lenders and Investors
    Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Not Enough Rope in Administration's Lifeline' Program
    Just a few short months ago President Bush stood in front of the press and swore that it was not the federal government’s job to bail out either lenders who made bad loans or speculative homebuyers who purchased more home than they could rightly afford utilizing the so-called “exotic” or “liar loans” popularized over the past few years. The Administration has encouraged six of the nation’s largest lenders — Bank of America, Citigroup, Countrywide Financial Corp., Last week Treasury Secretary Henry Paulson threw out what the administration considers to be a life preserver to homeowners facing foreclosure.
    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 . What they show is that investors today, including Uncle Sam, should be able to value mortgage paper with some clarity.” The catch, said Saccacio, is that loan portfolios likely differ so much that generalizations may not work. “Every would-be buyer of mortgage-related securities will have to review portfolios with enormous care. Hopefully the WAMU portfolio is not typical, otherwise Uncle Sam may need a lot more than $700 billion How Much for Those Lender Assets in the Window? By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little For example you see Bank of America adopting a massive, systematic loan modification program. The irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in to try to save everyone and thereby undercuts those shaky steps 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE