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5 Articles match "Collections","September"
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The Latest from RealtyTrac
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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. Unlike local lenders, originators and far-off investors are unlikely to have any relationship with the borrower beyond collecting monthly payments. “Put another way,” says Higgins, “the human element of a borrower in distress is replaced by a mathematically modeled overlay of cash flows.” ING DIRECT doesn’t have too many borrowers in distress: Of more than 100,000 loans just 96 foreclosures have been completed. No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) As to negative amortization, accounting rules treat such increased borrower debt as lender "income" — even though it has not been collected and may never be collected. 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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The Best from RealtyTrac
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New Illinois Housing Law Draws 2nd Suit
The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If Already, the law has chilled the housing market in the predominantly Black and Latino areas, where homeowners in the neighborhood saw a 45 percent drop in home sales in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Won't Break the Market Next Year
Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. According to the RealtyTrac September
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) As to negative amortization, accounting rules treat such increased borrower debt as lender "income" — even though it has not been collected and may never be collected. 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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No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. Unlike local lenders, originators and far-off investors are unlikely to have any relationship with the borrower beyond collecting monthly payments. “Put another way,” says Higgins, “the human element of a borrower in distress is replaced by a mathematically modeled overlay of cash flows.” ING DIRECT doesn’t have too many borrowers in distress: Of more than 100,000 loans just 96 foreclosures have been completed. No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 We sold a condo and bought a single-family home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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