3 Articles match "Book","Homes","September"

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No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. As Higgins explains, you can’t focus on near-term profitability when loans stay on your books for years. 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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New York Versus Freddie Mac: Round One
On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. 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  
www.realtytrac.com - Tuesday, February 3, 2009
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Foreclosure Fouls Up Sports Stars
It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the emotional highs and lows of losing a home. Two recent cases in point: record-setting baseball player Jose Canseco , and former NBA star Latrell Sprewell . Canseco, who first came to prominence as a right fielder with the Oakland Athletics back in the 1980s, has decided to walk away Canseco owed Washington Mutual more than $2.5 million on the 7,300 square foot mansion with four bedrooms
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Fouls Up Sports Stars
    It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the emotional highs and lows of losing a home. Two recent cases in point: record-setting baseball player Jose Canseco , and former NBA star Latrell Sprewell . Canseco, who first came to prominence as a right fielder with the Oakland Athletics back in the 1980s, has decided to walk away Canseco owed Washington Mutual more than $2.5 million on the 7,300 square foot mansion with four bedrooms
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • New York Versus Freddie Mac: Round One
    On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. 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  
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. As Higgins explains, you can’t focus on near-term profitability when loans stay on your books for years. 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