4 Articles match "Amortization","California","May"

• The Best from RealtyTrac

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• Betting Everything on the House: 3 Risky Loans to Avoid
  
  Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. Homeowners can opt to pay both the interest and principal on a fully amortized loan. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• ARM'd and Dangerous?
  
  Jonathans question reflects a popular bias these days towardsdirectly linking the rising foreclosure rates to default rates onsome of the higher risk loans that have become increasingly popular -ARMs, interest only, negative amortization, etc. But our fascination with these loans and their impact on foreclosurerates may have had something of a blurring effect on how clearly weview the overall foreclosure market. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., He categorizes the most risky — those with low initial rates like interest-only and negatively amortizing loans — as red loans. Lastly, 50 percent of the yellow loans may go into default. The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. The severity of that impact, however, is open to discussion — depending, of course, on how you choose
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  Now the immunity enjoyed by lenders may be at an end. new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made bad
  www.realtytrac.com - Tuesday, February 3, 2009
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