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9 Articles match "Balance","Company","Sales"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. The rules for option ARMs often say that when the loan balance grows to 110 percent of the original debt the loan must then be recast . Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. 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. New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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And the Hits' Just Keep On Coming!
For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third quarter income between 2006 and 2007. The statement also explains the company’s need to write down more than $3 billion in various financial instruments including subprime mortgage-backed securities, highly leveraged financial commitments Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
an Irvine-based company thatmonitors foreclosures. Make a comment or send us an e-mail . Posted 03-29-2006 6:49 PM by darenb Filed under: Pre-Foreclosures Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fighting Foreclosure: Seven Ways to Dodge Delinquency
Reinstatement Prior to a foreclosure sale, borrowers have the right to reinstate a delinquent loan. For example, delinquent mortgage payments may be added to the loan balance or the borrower could be given more time to bring the late payment current. Some mortgage companies are able to arrange a repayment plan based on your current financial situation. The sharp rise in foreclosure activity in recent months does not paint a pretty picture for distressed borrowers: 437,000 foreclosure filings were reported in the first quarter of this year, according to RealtyTrac . If you
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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. Such opposition effectively ended when WMC Mortgage Company — a part of General Electric — said it would end prepayment penalties 60 days prior to the first interest rate reset date on new loans.
www.realtytrac.com
- Tuesday, February 3, 2009
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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. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. 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. New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in
www.realtytrac.com
- Tuesday, February 3, 2009
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. The rules for option ARMs often say that when the loan balance grows to 110 percent of the original debt the loan must then be recast . Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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July Foreclosure Report
Although rents are now in line with mortgage payments, there still is not a balance of buyers and sellers out there. Foreclosures and short sales are flooding the market, accelerating the declines. 150 foreclosures for sale in this zip and hundreds more in preforeclosure. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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