3 Articles match "Appreciation","Private","Washington"

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Can "Appreciation Sharing" Solve The Mortgage Mess?
Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller     We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the It’s a big experiment and it raises a bigger question: Is this the loan of the future?
www.realtytrac.com - Tuesday, February 3, 2009
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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 Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. On the plus side, personal consumption expenditures for services, private inventory investment, exports of goods and services and federal government spending helped prop up the nation’s economy for the quarter. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Can "Appreciation Sharing" Solve The Mortgage Mess?
    Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller     We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the It’s a big experiment and it raises a bigger question: Is this the loan of the future?
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Rate Cut, Real GDP Are Some Positive News
    One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. On the plus side, personal consumption expenditures for services, private inventory investment, exports of goods and services and federal government spending helped prop up the nation’s economy for the quarter. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25
    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 Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE