3 Articles match "Balance","Book","Sales"

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New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. Had the new law been on the books last year, it would have affected very few of the NY mortgages we purchased.” Also, German says that under Freddie Mac guidelines the company has not bought “high cost loans” in New York state since 2003. The measure has a host of good features, but while the intent of the bill is plainly to bring balance to the lending process, making distant investors responsible for New York Versus Freddie Mac: Round One By Peter G. Miller  
www.realtytrac.com - Tuesday, February 3, 2009
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Wachovia Changes The Lending Game
Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books than to have loans fail. In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be able to capture some of the “negative amortization” owed by borrowers. Wachovia Changes The Lending Game By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Missouri Foreclosure Laws
The typical foreclosure process takes about two months. Compare All State Foreclosure Laws Missouri Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 60 Days 10 Days 365 Days Trustee Comments: Non-Judicial Foreclosures are more
www.realtytrac.com - Tuesday, February 3, 2009
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  • Missouri Foreclosure Laws
    The typical foreclosure process takes about two months. Compare All State Foreclosure Laws Missouri Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 60 Days 10 Days 365 Days Trustee Comments: Non-Judicial Foreclosures are more
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Wachovia Changes The Lending Game
    Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books than to have loans fail. In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be able to capture some of the “negative amortization” owed by borrowers. Wachovia Changes The Lending Game By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • New York Versus Freddie Mac: Round One
    You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. Had the new law been on the books last year, it would have affected very few of the NY mortgages we purchased.” Also, German says that under Freddie Mac guidelines the company has not bought “high cost loans” in New York state since 2003. The measure has a host of good features, but while the intent of the bill is plainly to bring balance to the lending process, making distant investors responsible for New York Versus Freddie Mac: Round One By Peter G. Miller  
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE