3 Articles match "Company","December"

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Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. real estate training company. “The Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. Another claims that developing a series of “systems” in your business is the key to success.
www.realtytrac.com - Tuesday, February 3, 2009
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Greed and Deceit Get Their Comeuppance in Any Cycle
Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Even though an estimated 19 percent of all loans originated in 2005 and 2006 were subprime ARMs (according to a December 2006 report published by the Center for Responsible Lending ), there are still plenty of homeowners in the marketplace who are undergoing other distressing financial circumstances leading to foreclosure such as divorce, job loss or other situations.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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From $2B Bailout to $4B Buyout at Countrywide
Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. According to various news reports , earlier this week the firm reported that the number of foreclosures and late payments on mortgages it held in December 2007 soared to their highest level in five years. It didn’t take long from a historical perspective. Just late last year Bank of America infused $2 billion into the coffers
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • From $2B Bailout to $4B Buyout at Countrywide
    Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. According to various news reports , earlier this week the firm reported that the number of foreclosures and late payments on mortgages it held in December 2007 soared to their highest level in five years. It didn’t take long from a historical perspective. Just late last year Bank of America infused $2 billion into the coffers
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Greed and Deceit Get Their Comeuppance in Any Cycle
    Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Even though an estimated 19 percent of all loans originated in 2005 and 2006 were subprime ARMs (according to a December 2006 report published by the Center for Responsible Lending ), there are still plenty of homeowners in the marketplace who are undergoing other distressing financial circumstances leading to foreclosure such as divorce, job loss or other situations.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Secrets of Pre-Foreclosure Investing
    On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. real estate training company. “The Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. Another claims that developing a series of “systems” in your business is the key to success.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE