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31 Articles match "Buyer","Houses","Interest Rates"
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The Latest from RealtyTrac
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Don't Dump Investors
Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. Why is someone who invests in real estate a “speculator” while corporations Don’t Dump Investors By Peter G. The investor double-standard is hardly hidden.
www.realtytrac.com
- Tuesday, February 3, 2009
Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are the largest buyers of U.S. If Fannie Mae and Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller Its been a rough year for Fannie Mae and Freddie Mac.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Fed Remains in Hibernation on Interest Rates
After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. On Wednesday the watchdog of federal monetary policy did what many economists expected it to do and hit the snooze button yet again, deciding to keep the short term federal funds rate at its current level of 5.25 percent. The recent actions of the Federal Open Market Committee may seem unresponsive to concerns of industries, like real estate, that believe lowering interest
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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First-Time Buyers Get Help with CA Foreclosure Purchase
First-time homebuyers in California are getting help in purchasing their piece of the American Dream thanks to a public-private partnership and $200 million in bond funds allocated to the California Housing Finance Agency (CalFHA). Gov. The catch is buyers have to be willing to buy their dream home in one of the designated areas approved by CalFHA — such as Alameda, Contra Costa and Riverside counties — and the foreclosure property must be specifically set aside for the program and owned by one of the participating lenders — including Wells Fargo, HomeEq, CitiMortgage
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Forecasters Change Housing Estimates for '07/'08
The nation’s housing market is not cooperating the way analysts at the A. Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 The worst of the downward national housing price spiral is not over,” said economist and Chapman President James Doti in a press release distributed Tuesday . “Our Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., had hoped it would.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A 'Dialogue' on the Housing Market
Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Will (the foreclosure rate) go to 2 percent? Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. Now
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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2007: Housing Slowdown Good for Foreclosures
housing market into a full tailspin, according to forecasters at Chapman University in Orange, Calif. That means 2007 should be a good year for anyone involved in the foreclosure sector of the market — whether they are real estate agents, potential home buyers or real estate investors. Some highlights of the Chapman forecast: The sky isn’t falling, but housing prices are projected to decline 2.2 Housing starts are expected to remain down in many parts of the The cooling real estate sector will continue to plague the national economy next year, but enough positive economic fundamentals remain in place to counteract forces threatening to push the U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Betting Everything on the House: 3 Risky Loans to Avoid
Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade. Adjustable Rate Mortgages (ARMs) With an adjustable rate mortgage, also called ARMs, borrowers lock in a lower interest rate for the first few years. Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Mortgage Loans - Estimating the Costs Involved - RealtyTrac
For anyone seriously considering buying a property and making the commitment to years of monthly mortgage payments on a home, use of financial calculators is key to determining the overall affordability of the property and the likelihood that the buyer or investor can stay on top of the mortgage payments. While visiting the site (www.realtytrac.com) a buyer or investor has the opportunity to try out a variety of free financial calculators available online. Foreclosure Mortgage Loans: Estimating the Costs Involved Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties.
www.realtytrac.com
- Tuesday, February 3, 2009
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How to Receive a Free Mortgage Loan Quote at RealtyTrac
Whether a buyer is looking for first time home financing, foreclosure financing or one of the many other available options, it is best to go through the decision making process well-informed and with as little out-of-pocket expense as possible. For investors who want to be more informed and prepared for the complicated house financing process, obtaining a free mortgage loan quote can be the answer. How to Receive a Free Mortgage Loan Quote Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. More than 1 million
www.realtytrac.com
- Tuesday, February 3, 2009
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What's Causing the Credit Crunch?
A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. Moreover, mortgage lenders have also begun raising Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Avoid Foreclosure Before it Starts at RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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