7 Articles match "Associated","Collections","Real Estate"

• The Best from RealtyTrac

  MORE

• More Trouble for Ed McMahon
  
  to collect on a $250,000 loan it made to McMahon in 2006. Carrying a 15 percent interest rate, the balance due grew to $275,000, according to the Associated Press . million. Posted 08-12-2008 2:15 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes. The Los Angeles Times reported
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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
  READ MORE
• 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. The Black Lung Benefits Revenue Act of 1981 created a new way to own and invest in real estate: Equity sharing. If investors are interested in mortgages at all, they’re willing to buy securities backed by prime loans and little else. “You can understand the investor’s perspective, but the other side of the equation is this: Restoring the real estate market means Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• Option ARM Borrowers Running Out Of Time
  
  Lastly, we have the real attraction of option ARMs, the option payment itself, a payment which is insufficient to even pay off the monthly interest cost. Because Fitch says that a 40-year loan term represented 4 percent of all option ARMs in 2004 -- but 38 percent by 2007. A loan with four payment options may seem fairly understandable, but in the real world a lot of borrowers did not take out option ARMs because they wanted to make fully-amortizing payments. Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right
  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. That said, whats plain is that the SEC has opened a new front
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• No Mortgage Meltdown For These Banks
  
  percent of all loans outstanding according to the Mortgage Bankers Association. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the typical first-time buyer put down just 2 percent, repeat buyers had 16 percent down payments and 25 percent of all purchasers bought with nothing No Mortgage Meltdown For These Banks By Peter G. Miller  
  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 Does this make it a good time to buy real estate? 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 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
  READ MORE