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4 Articles match "America","Owner","Washington"
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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 . billion for the “deposits, assets and certain liabilities of Washington Mutuals banking operations.” At the same time, the Merrill discount may be too steep for owners without a pressing need to sell their mortgage paper. ____________________ Peter G. 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
As Home Prices Plummet, When Will You Buy?
For example you see Bank of America adopting a massive, systematic loan modification program. Many banks and owners are still not willing to lower their prices. Understandably, they don’t want to take their losses and perhaps are waiting for additional bailout from the government With the upcoming severe economic downturn, why would anyone buy now at these high prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's 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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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. Maybe, if those owners can qualify, and Wells Fargo and the other lenders allow refinancing using the 40-year product. 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. Tauting the lower monthly payments the new
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's 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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How Much for Those Lender Assets in the Window?
In September Merrill was bought by the Bank of America for $29 a share . billion for the “deposits, assets and certain liabilities of Washington Mutuals banking operations.” At the same time, the Merrill discount may be too steep for owners without a pressing need to sell their mortgage paper. ____________________ Peter G. 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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As Home Prices Plummet, When Will You Buy?
For example you see Bank of America adopting a massive, systematic loan modification program. Many banks and owners are still not willing to lower their prices. Understandably, they don’t want to take their losses and perhaps are waiting for additional bailout from the government With the upcoming severe economic downturn, why would anyone buy now at these high prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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