10 Articles match "August","Funds"

• The Best from RealtyTrac

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• Bank Insurance Fund Down 20 Percent in 2Q
  
  Those Who Lose Homes May Face State Tax Hit August 25, 2009, San Francisco Chronicle Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt...( read more ) ...Tags: Tags: foreclosure rates foreclosures FDI
  Foreclosure Pulse - Thursday, August 27, 2009
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• Back to Wait and See for the Fed
  
  The Federal Open Market Committee took the advice Wednesday of all the financial analysts and market watchers and did absolutely nothing with the short term Federal Funds Rate (FFR). After whittling away at the rate over time from a high of 5.25 percent back in August 2007 down to 2 percent last month, the Fed has decided to go back to the wait-and-see stance Chairman Ben Bernanke established when he first took over the reins of the agency back in August 2006. At that time former Fed Chairman Alan Greenspan had just finished adjusting the rate upward 17 consecutive times.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• UCLA: Crash and Burn Unlikely for National Economy
  
  But in their Q3 2006 report , forecasters at UCLA’s Anderson School of Management are calling for the Federal Reserve to reduce the Federal Funds Rate to 4.5 But while the economy’s air traffic controllers are first trying to chart new flight plans, the nation’s foreclosure activity is flying high — up 53 percent on a yearly basis — according to the RealtyTrac August 2006 U.S. The nation’s economy, driven mostly by the real estate sector, has been flying at Mach 1 in clear blue skies for a number of years. Now, however, some clouds are starting to appear on the horizon, and as
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Stands Fast on Rate; Little Solace for Homeowners
  
  It wasn’t long after Ben Bernanke took over the reins of the Federal Reserve from Alan Greenspan that he put a halt to the 17 consecutive upward adjustments in the federal funds rate (FFR) — the short-term interest rate banks charge each other — back in August 2006. On Wednesday, the Federal Open Market Committee (FOMC) decided to keep its hands-off stance, leaving the FFR at 5.25 percent.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Remains in Hibernation on Interest Rates
  
  After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. On Wednesday the watchdog of federal monetary policy did what many economists expected it to do and hit the snooze button yet again, deciding to keep the short term federal funds rate at its current level of 5.25 percent. The recent actions of the Federal Open Market Committee may seem unresponsive to concerns of industries, like real estate, that believe lowering interest rates
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Extreme' Dream Gone Bust
  
  The home, built with the help of 1,800 volunteers and Atlanta-based Beazer Homes, is now scheduled for public foreclosure auction on August 5. A published report by the Associated Press says that in addition to building the home with $450,000 worth of donated labor and materials, the partners and employees at Beazer also contributed $250,000 for the family, including scholarships for the three children and a home maintenance fund. Three years ago Patricia and Milton Harper received a gift courtesy of reality television. ABC’s Extreme Makeover Home Edition came to
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• No Place Like Home
  
  Edmiston provided an eye-opening example of how a monthly mortgage payment on a $200,000 so-called nontraditional loan taken out in August 2004 could increase from about $600 to more than $1500 when it resets three years later. Burroughs and his fellow legislators also touched on other housing issues confronting Kansas: that the cost of building a home in some rural areas is more than what the home can sell for on the market; that the state’s low employment rate translates into a shortage of construction workers and a desire for more legal immigrants to fill this shortage; and that funding
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Good Morning Mr. Bernanke!
  
  Well, something finally clicked because Bernanke and the members of the Federal Open Market Committee acted this morning, and started cutting rates (although not the rate most economists — and the real estate industry in particular — are waiting for them to cut). The Fed sliced 50 basis points (one-half a percentage point) off of its discount rate — the rate it charges banks to borrow federal funds — from 6.25 Having taken a direct hit to its subprime loan division, the company is now focused on tightened lending guidelines to assure the secondary mortgage market that in the future
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  House Finance Services Committee in Cuyahoga County (a region with one of the highest foreclosure rates in the nation) last August calling for the creation of partnerships between community organizations and state governments as a way to stop the bleeding from an overbearing volume of foreclosure activity. In April of 2007 national civil rights groups, including the Leadership Conference on Civil Rights, the NAACP, the National Fair Housing Alliance, the National Council of La Raza, and the Center for Responsible Lending called for the lending industry to agree to a six-month moratorium
  www.realtytrac.com - Tuesday, February 3, 2009
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• The Government Goes After Loan Officers
  
  The overwhelming majority of mortgages are funded with money that travels with electronic speed across state and national borders. 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 borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by more than 50 percent. “Stated
  www.realtytrac.com - Tuesday, February 3, 2009
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