10 Articles match "Associated","Qualifying","Real Estate"

• The Best from RealtyTrac

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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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• Dis-ARMament Aimed to Curb Foreclosures
  
  The new Federal guidelines contain disclosure and underwriting provisions that could mean fewer buyers will qualify for such nontraditional loans. These loans are what many in the banking and real estate industries say have helped home buyers get into their first home or purchase more home than they otherwise could afford using more conventional mortgage products. The National Association of Realtors (NAR) lauded the new consumer education efforts put forth by the government, but cautioned regulators not to restrict innovation in the mortgage lending sector. Concerned about the fallout from rising mortgage delinquency rates and foreclosures around the country, the federal government recently stepped into the fray, issuing new tighter guidelines aimed at dealing with so-called “exotic” adjustable-rate mortgages.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 40 Is the New 30 for Lenders and Investors
  
  Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Dealing With the Affordability Quandry
  
  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. Especially in light of the new consumer index just announced by the California Association of REALTORS®. Affordability is the key here. Called the C.A.R.’s
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Bush Mortgage Freeze Could Expand to Prime Loans
  
  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 According to CNN Money , during his speech on Monday Paulson explained the administration’s goals in reforming the FHA program to include lowering down-payment requirements and increasing the cap on loans qualifying to be FHA insured.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Fed Rate Decision is Ongoing'
  
  Does it mean that the nation’s real estate market’s bubble finally burst to such an extreme that they have no idea of when it might turn around? And so does the real estate industry. 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 The Federal Reserve is starting to sound like a broken record. Oops!
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  But opponents say the law is cutting down on the legitimate loans available to residents of the 10 zip codes and thereby will lower house values by reducing the number of potential buyers who can qualify for a loan, creating a glut of unsold inventory. The bill requires certain “high risk” mortgage applicants to receive credit counseling before taking out a home loan, and only applies to state-chartered loan originators, not federally chartered loan originators, according to the Chicago Association of Realtors. That will leave defaulted homeowners with fewer options to avoid
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Stop Home Foreclosure
  
  In order to qualify for this option, you must be at least two months behind on your mortgage. It involves comparing your house to houses with the following characteristics: Similar square footage, number of bedrooms/bathrooms Similar features (fireplace, pool, waterfront, etc.) Within one mile of your home Similar year built Sold within the last six to 12 months There are several real estate websites that allow you to compare your house to houses with similar characteristics and provide a ballpark figure of the value of your home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S.
  www.realtytrac.com - Tuesday, February 3, 2009
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• 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
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• As Home Prices Plummet, When Will You Buy?
  
  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 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," Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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