3 Articles match "ARM","Houses","Michigan"

The Latest from RealtyTrac MORE
July Foreclosure Report
There will be more people that can afford to buy a house now, since prices were going too high too fast. Whether a person lives in the house or not, if they get a foreclosure notice, it is still a foreclosure notice.
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. Under "normal" circumstances, wedprobably look at the Midwest rates and chalk them up tohigher-than-average unemployment rates (a very strong predictor offoreclosure rates) and lower-than-average house appreciation ratescoupled with weak housing demand. 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
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
Credit Card and Mortgage Debt Fuels Foreclosure
Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover the cost of a refinanced mortgage or to allow them to sell and walk away. Considering that the housing market is expected to continue to be slow through 2007, there could be increases Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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. Under "normal" circumstances, wedprobably look at the Midwest rates and chalk them up tohigher-than-average unemployment rates (a very strong predictor offoreclosure rates) and lower-than-average house appreciation ratescoupled with weak housing demand. 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Credit Card and Mortgage Debt Fuels Foreclosure
    Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover the cost of a refinanced mortgage or to allow them to sell and walk away. Considering that the housing market is expected to continue to be slow through 2007, there could be increases Debt! No word better describes why millions of Americans are now facing foreclosure.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • July Foreclosure Report
    There will be more people that can afford to buy a house now, since prices were going too high too fast. Whether a person lives in the house or not, if they get a foreclosure notice, it is still a foreclosure notice.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE