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11 Articles match "Company","Foreclosures","Washington"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
However, the arrangement between Merrill Lynch and Lone Star is not quite so straight-foward. “Merrill Lynch will provide financing to the purchaser for approximately 75 percent of the purchase price,” said the company. “The billion for the “deposits, assets and certain liabilities of Washington Mutuals banking operations.” Expected remaining losses: How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much for that doggie in the window?
www.realtytrac.com
- Tuesday, February 3, 2009
No Mortgage Meltdown For These Banks
Saccacio, chief executive officer at the country’s largest provider of foreclosure data and listings, RealtyTrac.com . “Instead, As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. 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
Wachovia Changes The Lending Game
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 with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Saccacio, chief executive officer of RealtyTrac.com , the nation’s largest source of foreclosure listings and data. “Wachovia Wachovia Changes The Lending Game By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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The Legend of Foreclosure Vandalism Grows
The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless. Las Vegas is used as a backdrop for the story, not surprising given that the foreclosure rate in Las Vegas consistently ranks among the top 10 metro foreclosure rates, according to RealtyTrac. The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C."
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. The topic on the table: the high foreclosure rate in Cuyahoga County — one of the highest in the nation — and what can be done to ease the bleeding. According to the RealtyTrac Q2 2006 Foreclosure Market Report , the total number of foreclosures in Ohio actually declined by 30 percent from Q1 2006, although still up 85 percent from Q2 2005. One example — Rep. Steven C.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Two Heavy Hitters Slapped with Foreclosure Notices
Former heavyweight boxing champion Evander Holyfield is on the foreclosure ropes. mdash; worth an estimated $10 million — is under foreclosure and is set to be auctioned by Washington Mutual on July 1, according to the Fayette Daily News . Next, a Utah consulting company hit the prize fighter with a suit for failing to repay a $550,000 loan related to landscaping his estate, reports the Atlanta Constitution . Another heavyhitter in foreclosure is Adam “Pacman” Holyfield’s palatial 235-acre estate in Fayette County, Ga. —
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
Washington Mutual and Merrill Lynch. For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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40 Is the New 30 for Lenders and Investors
Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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No Mortgage Meltdown For These Banks
Saccacio, chief executive officer at the country’s largest provider of foreclosure data and listings, RealtyTrac.com . “Instead, As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. 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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Wachovia Changes The Lending Game
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 with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Saccacio, chief executive officer of RealtyTrac.com , the nation’s largest source of foreclosure listings and data. “Wachovia Wachovia Changes The Lending Game By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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Economic Indicators: Image Is Everything
2) On Tuesday, the Standard & Poor’s/Case-Shiller home price index reported the worst decline in home prices since the company started tracking data back in 1987. What does all this mean to anyone looking to the nation’s foreclosure market for a home purchase? It means that there has never been a better time in recent history to get off the fence and buy that primary residence or investment property you’ve been waiting for. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How Much for Those Lender Assets in the Window?
However, the arrangement between Merrill Lynch and Lone Star is not quite so straight-foward. “Merrill Lynch will provide financing to the purchaser for approximately 75 percent of the purchase price,” said the company. “The billion for the “deposits, assets and certain liabilities of Washington Mutuals banking operations.” Expected remaining losses: How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much for that doggie in the window?
www.realtytrac.com
- Tuesday, February 3, 2009
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