31 Articles match "Avoid","May","Real Estate"

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The Government Goes After Loan Officers
Now the immunity enjoyed by lenders may be at an end. new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. That said, whats plain is that the SEC has opened a new front in the mortgage responsibility debate. Interstate Commerce At first it may seem odd that mortgages are a federal matter since loans are secured by real estate and nothing is more local than dirt. The Government Goes After Loan Officers By Peter G. Miller   
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. The reason Hudson avoids government-backed loans is that such mortgages represent steep processing costs. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
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   
www.realtytrac.com - Tuesday, February 3, 2009
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