6 Articles match "Associated","Collections","Properties"

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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In August 2006, Steven Krystofiak, President of the Mortgage
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. percent of all loans outstanding according to the Mortgage Bankers Association. As one example, Hermance says that of 50,000 New Jersey mortgages his No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com - Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
With higher home values properties could be readily sold or refinanced with little risk. Given the inherent flaws and risks associated with option ARMs the question has to be asked: Why did lenders offer such financing? As to negative amortization, accounting rules treat such increased borrower debt as lender "income" — even though it has not been collected and may never be collected. Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
www.realtytrac.com - Tuesday, February 3, 2009
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  • Wachovia Changes The Lending Game
    More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. There are many situations where Wachovia would not collect prepayment penalties anyway. Wachovia Changes The Lending Game By Peter G. Miller    
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Can "Appreciation Sharing" Solve The Mortgage Mess?
    Usually you would look at the fees and charges associated with the HOPE program and think, well, yuck. Under equity sharing there can be an owner-occupant who lives on the property, a non-occupant owner such as a family member or investor and both owners can get tax breaks. If property values go up with equity sharing both owners profit. 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
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Option ARM Borrowers Running Out Of Time
    With higher home values properties could be readily sold or refinanced with little risk. Given the inherent flaws and risks associated with option ARMs the question has to be asked: Why did lenders offer such financing? As to negative amortization, accounting rules treat such increased borrower debt as lender "income" — even though it has not been collected and may never be collected. Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. percent of all loans outstanding according to the Mortgage Bankers Association. As one example, Hermance says that of 50,000 New Jersey mortgages his No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • The Government Goes After Loan Officers
    Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In August 2006, Steven Krystofiak, President of the Mortgage
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I quot;I think this time residential housing is in the 100-year flood, and percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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