4 Articles match "America","Real Estate","Washington"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
Does this make it a good time to buy real estate? 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 Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
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 What do you think? Posted 09-29-2008 1:50 PM by darenb
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
READ MORE
  • The Best from RealtyTrac MORE
  • 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
    READ MORE
  • Not Enough Rope in Administration's Lifeline' Program
    The Administration has encouraged six of the nation’s largest lenders — Bank of America, Citigroup, Countrywide Financial Corp., Washington Mutual and Wells Fargo & Co. — Many homeowners who could not cure the default once it occurred, nor could sell their property outright given the current state of the real estate market in most parts of the country, wait until the 11th hour before waking up to the reality that they are about to lose their 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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 What do you think? Posted 09-29-2008 1:50 PM by darenb
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    Does this make it a good time to buy real estate? 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 Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE