2 Articles match "America","Sales","Taxpayer"

The Latest from RealtyTrac 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. You could look at the Merrill sale and say, Aha! 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. Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well as a renewed 30-year term. "Borrowers in this scenario would be required to share future appreciation 50/50 with
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac 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. You could look at the Merrill sale and say, Aha! 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. Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well as a renewed 30-year term. "Borrowers in this scenario would be required to share future appreciation 50/50 with
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE