8 Articles match "Associated","Houses","Qualifying"

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• Bush Mortgage Freeze Could Expand to Prime Loans
  
  In the process the secretary justified the need for the industry coalition, while calling on Congress to expedite legislation to reform the Federal Housing Administration loan program. Then, appearing on CNBC Tuesday, the secretary revealed that the Bush Administration is exploring the possibility of expanding the scope of the Hope Now program beyond freezing adjustable rate mortgages for five years for only subprime borrowers to include borrowers with loans at prime rates, according to a report by the Associated Press . “The It seems like Treasury Secretary Henry Paulson has been spending the new year defending his boss’ “Hope Now” plan to ease the pain of foreclosure and to give the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Will Homeowners Sink or Swim?
  
  But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. And prices of existing homes fell in August for the first time in 11 years as sales dipped to their lowest level since early 2004, according to the National Association of Realtors . Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Dealing With the Affordability Quandry
  
  Especially in light of the new consumer index just announced by the California Association of REALTORS®. First-Time Buyer Housing Affordability Index (FTB-HAI) , it is a wake-up call for first timers in that it measures the percentage of first-time buyers who can legitimately afford to purchase a median-priced home in California. The minimum qualifying household income to afford that house was $39,600, with a monthly payment of $1,320. In addition to real estate investors and agents, the RealtyTrac website can be a great help to first-time homebuyers looking for a way to get into a home at a price that is more affordable, even in areas where prices seem out of reach for most people.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors. But opponents
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Fed Rate Decision is Ongoing'
  
  percent has been “…the housing correction is ongoing .” 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 longer this “correction” is ongoing, the longer investors and serious homebuyers have to find a bargain property, and still at near historically The Federal Reserve is starting to sound like a broken record.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Stop Home Foreclosure
  
  How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. In order to qualify for this option, you must be at least two months behind on your mortgage. You must also be able to close on the sale of your house within one to two months. (Note: For example, if you Johnson    If you are currently in foreclosure, strongly consider selling your property as a backup plan. The object is to pay off all debt and expenses, walk away without a foreclosure or bankruptcy on your credit history and perhaps put a little cash in
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Home Prices Plummet, When Will You Buy?
  
  quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept. Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. With real roulette when gamblers lose the house wins. Given the inherent flaws and risks associated with option ARMs the question has to be asked: Why did lenders offer such financing? More people could qualify to buy a home with option 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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