12 Articles match "Associated","Example"

• The Best from RealtyTrac

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• 40 Is the New 30 for Lenders and Investors
  
  Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Even though prices are up, home sales volume is down dramatically -- just ask the National Association of Realtors -- homeowners are not refinancing anywhere near the levels seen even just a year ago, and the number of new homes under construction is declining as is building permits. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Latest Reports Sending Out Mixed Signals
  
  Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy. The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 The NAR, like any other trade association, is first and One report, the IBD/TIPP economic optimism index (published by Investor’s Business Daily and TechnoMetrica Market Intelligence), dropped to 39.2 in April, the largest drop in consumer confidence
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
  
  Depending on the price range of the foreclosure properties an investor plans to buy, he or she will need startup capital to pay the loan reinstatement costs, rehab costs, closing costs, carrying costs, sales marketing costs and other expenses associated with buying and carrying foreclosure real estate. Foreclosure Lenders Foreclosure lenders come in myriad shapes and forms. For example, an investor could borrow 90 percent loan-to-value (LTV) on a conventional loan and borrow the remaining 10 percent using a line of credit (or credit card). Foreclosure Financing: How to Buy Foreclosure Real Estate Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
  The announcement establishes the new date and time for the Trustee’s Sale. Publication Letter The authorization from the homeowners association for the Trustee to set the sale date and begin notification and publication of the Notice of Trustee’s Sale. Pre-Publication Period This is a statutory minimum time period of three months following the recording of the Notice of Default which the trustee must wait before setting a date for the Trustee’s Sale. Publication Period The time period beginning after the Pre-Publication Period and ending with the Trustee’s
  www.realtytrac.com - Tuesday, February 3, 2009
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  In any case, legitimate foreclosure investors willneed to find ways to overcome the stigma associated with foreclosureinvesting because of the increased attention to this problem. InMinnesota, for example the recission period is 5 days. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Fed Rate Decision is Ongoing'
  
  For example, for 17 consecutive meetings the Fed raised interest rates by a quarter of a percent each time (25 basis points in economist lingo), and the code word they used to justify those rate increases was adjustment . Even the National Association of Realtors, which originally thought the nation’s housing market would turn around significantly by year-end 2007, is pulling back a bit on its forecast , now calling for home sales to stabilize where they are this year, with noticeable improvement in sales activity by mid-2008. The Federal Reserve is starting to sound like a broken record.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The one public example of such an audit that we know of revealed stunning results. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against The Government Goes After Loan Officers By Peter G. Miller    One of the most galling
  www.realtytrac.com - Tuesday, February 3, 2009
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• How Much for Those Lender Assets in the Window?
  
  lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” As an example, the surprise in the WAMU deal was not the high default rates for subprime or option ARMs, rather it was the huge losses associated with home equity lending. How Much for Those Lender Assets in the Window? By Peter G. Miller    Long ago there was a song which asked the magic question, how much for that doggie in the window?
  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. A quick example looks like this: You borrow $500,000 and during the first five years of the loan and pay about $1,665 per month. Wachovia Changes The Lending Game By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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• No Mortgage Meltdown For These Banks
  
  percent of all loans outstanding according to the Mortgage Bankers Association. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. 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 No Mortgage Meltdown For These Banks By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
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