6 Articles match "Avoid","Houses","Washington"

• The Best from RealtyTrac

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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Million Foreclosures
  www.realtytrac.com - Tuesday, February 3, 2009
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• Study Forecasts Rising Subprime Foreclosures
  
  The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation. The projection of an accelerating subprime foreclosure rate is based on the expectation that house price appreciation will continue to slow. The study argues that subprime foreclosures will heavily impact the A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures. Yearning to retake the GOP-controlled White House next year, the Democrats are clamoring for the federal government to do something, anything, to contain the crisis. 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
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• Long-Term Solution for Fannie and Freddie Dilemma
  
  Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Wachovia Changes The Lending Game
  
  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 measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. This new prepayment policy, said Laurent Bossard, WMC’s chief executive officer, “provides borrowers with enhanced flexibility to avoid prepayment fees.” “Just as in the case with WMC, the Wachovia initiative will change the mortgage debate in Washington,” added RealtyTrac’s
  www.realtytrac.com - Tuesday, February 3, 2009
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• Another Approach to $700 Billion Bailout
  
  Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's This will force bankers to work with trouble borrowers so they can get the other 90 cents from that dollar.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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