3 Articles match "Book","Company","Washington"

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No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. As Hermance points out, “we 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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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. 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
www.realtytrac.com - Tuesday, February 3, 2009
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Two Heavy Hitters Slapped with Foreclosure Notices
mdash; worth an estimated $10 million — is under foreclosure and is set to be auctioned by Washington Mutual on July 1, according to the Fayette Daily News . But the ex-champ has taken a one-two punch where it hurts the most — his pocket book. Next, a Utah consulting company hit the prize fighter with a suit for failing to repay a $550,000 loan related to landscaping his estate, reports the Atlanta Former heavyweight boxing champion Evander Holyfield is on the foreclosure ropes. Holyfield’s palatial 235-acre estate in Fayette County, Ga. —
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Two Heavy Hitters Slapped with Foreclosure Notices
    mdash; worth an estimated $10 million — is under foreclosure and is set to be auctioned by Washington Mutual on July 1, according to the Fayette Daily News . But the ex-champ has taken a one-two punch where it hurts the most — his pocket book. Next, a Utah consulting company hit the prize fighter with a suit for failing to repay a $550,000 loan related to landscaping his estate, reports the Atlanta Former heavyweight boxing champion Evander Holyfield is on the foreclosure ropes. Holyfield’s palatial 235-acre estate in Fayette County, Ga. —
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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. 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
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. As Hermance points out, “we 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
    READ MORE