9 Articles match "Associated","Real Estate","Washington"

• The Best from RealtyTrac

  MORE

• Subprime meltdown means jump in foreclosures
  
  And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. If this scenario unfolds as predicted, mortgage lenders will look to real estate investors, home buyers and agents to bail them out. With the advent of Web-based real estate sites like RealtyTrac , real estate Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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. 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. 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
  READ MORE
• Economic Indicators: Image Is Everything
  
  When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The expectations of the California Realtors is less bleak than a new housing report, "Housing at the Tipping Point," released this month by Moody’s Economy.com that predicts sharp declines, some nearing 20 percent in many metropolitan areas of California, Arizona,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  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. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the past few months there has been a huge debate in Washington regarding how to assist those with toxic loans, assuming they should get any assistance at all. The Black Lung Benefits Revenue Act Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Clinton also wants the government to impose new disclosure requirements on mortgage brokers and curb their ability to dictate lending terms. “We need to act now with smart, practical solutions to strengthen our housing and mortgage markets,” Clinton told The Associated Press. “We They are the ones that are causing this to go under, and there’s no transparency, no accountability,” Biden told The Washington Post . With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
  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. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed
  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?
  
  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
  READ MORE