3 Articles match "ARM","Houses","Ohio"

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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
And this has local, state and national government officials concerned and non-profit consumer groups up in arms. LaTourette (R-Ohio) chaired a meeting of the U.S. House Finance Services Committee in Cuyahoga County (a region with one of the highest foreclosure rates in the nation) last August calling for the creation of partnerships between community organizations and state governments as a way to stop the bleeding from an overbearing volume of foreclosure activity. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com - Tuesday, February 3, 2009
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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
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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 in mortgage Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 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 in mortgage Debt! No word better describes why millions of Americans are now facing foreclosure.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
    And this has local, state and national government officials concerned and non-profit consumer groups up in arms. LaTourette (R-Ohio) chaired a meeting of the U.S. House Finance Services Committee in Cuyahoga County (a region with one of the highest foreclosure rates in the nation) last August calling for the creation of partnerships between community organizations and state governments as a way to stop the bleeding from an overbearing volume of foreclosure activity. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE