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10 Articles match "Company","Foreclose","Lending"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The Government Goes After Loan Officers By Peter G. Miller One of the most
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. After all, if investors have something to lose they will surely insist on stronger lending practices and thus borrowers will get a better deal. They, in turn, sell securities to pension funds, New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
www.realtytrac.com
- Tuesday, February 3, 2009
National Registration For Loan Officers Becomes Reality
Seen another way, the new law makes mortgage lending more transparent, something which will reduce foreclosure rates, cut lender losses and make mortgages more enticing to investors worldwide. “Across the country we carefully license real estate brokers, lawyers and doctors,” says James J. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009
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Wachovia Changes The Lending Game
Wachovia Changes The Lending Game By Peter G. By every measure Wachovia is an important part of the lending community, so when it does something new or different in the mortgage arena the impact can be significant. 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 Miller With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution .
www.realtytrac.com
- Tuesday, February 3, 2009
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Checklist for Buying a Bank-Owned REO Property - RealtyTrac
And finally, a foreclosure property can be purchased from the bank or lending institution if no one bids at the public sale and the bank repossesses the property. You can perform a preliminary check of title on RealtyTrac and then hire a title company to run a full, insured title search before closing the deal. These liens remain intact until the money is paid, which means that you may have to pay off the liens CHECKLIST: For Buying a Bank-Owned REO Property Search Properties | Free 7-Day Trial Are you a real estate investor or homebuyer looking to purchase a bank-owned property?
www.realtytrac.com
- Tuesday, February 3, 2009
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What's Causing the Credit Crunch?
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. Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective, Seattle, Wash.
Moreover, hire a contractor and get a written estimate to repair the foreclosed home. The trust company — and or the seller — will not turn them on the water and electricity. Lending institutions are loosing billions of dollars, a few hundred dollars matters to them. Here are some things to keep in mind when considering a distressed property purchase: Foreclosures are the most problem prone and strenuous type for real estate purchase. You never get a perfect house.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New York Versus Freddie Mac: Round One
At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. After all, if investors have something to lose they will surely insist on stronger lending practices and thus borrowers will get a better deal. They, in turn, sell securities to pension funds, New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
www.realtytrac.com
- Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Even some lenders are offering assistance to the victims of overzealous lending practices of the recent past. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently issued its recommendations on how to reduce
www.realtytrac.com
- Tuesday, February 3, 2009
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National Registration For Loan Officers Becomes Reality
Seen another way, the new law makes mortgage lending more transparent, something which will reduce foreclosure rates, cut lender losses and make mortgages more enticing to investors worldwide. “Across the country we carefully license real estate brokers, lawyers and doctors,” says James J. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009
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Another Approach to $700 Billion Bailout
It seems crazy that real estate history appraises itself higher and higher, with loan and bank companies and anyone else who runs with the pack feeding the fantasy. Do they think we are that stupid? Come on America lets join together and stand up to this Goliath and take our country back to the grandeur it had and all of us deserve. Mike Scheu
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Government Goes After Loan Officers
The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The Government Goes After Loan Officers By Peter G. Miller One of the most
www.realtytrac.com
- Tuesday, February 3, 2009
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July Foreclosure Report
When they default, bank losses will shoot to the sky — and many homes will be foreclosed. Oddly corporations that are run into the ground routinely get bankruptcy protection, and come out fully able to get lending at anytime. Including failed banks and financial companies, and ones committing crimes. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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