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9 Articles match "Company","Ideas","Sales"
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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. The idea that we can pick and choose among borrowers with toxic loans produces several false notions. Misconception No. Because when buyers look at recent home sales they do not distinguish between homes sold Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
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. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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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. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression.
www.realtytrac.com
- Tuesday, February 3, 2009
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Local Market Perspective: Cape Coral, Fla.
This presents a whole new challenge, they use mobile closers who rarely have time to speak with you, and all the fees they charge are usually higher than if you close with a local title company. In my most recent transaction I had a law firm, a title company for the law firm, and a title company on this coast for the title company in Miami. It is like being at an auction, but you don’t Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . The agents will be sharing their insights about what is happening on
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How to Buy HUD Home Foreclosures - RealtyTrac
More than 1 million total properties including For Sale by Owner, HUD Home Foreclosures, Resale, and Home Auctions! Almost anyone can qualify... HUD home foreclosures on the Internet are maintained by various management companies all under contract with HUD. How Can I Buy HUD Home Foreclosures? Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Government properties. Almost anyone can qualify to
www.realtytrac.com
- Tuesday, February 3, 2009
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Another Approach to $700 Billion Bailout
If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. If the refinancing program was limited to half of the homeowners who will probably lose their homes to foreclosure, Uncle Sam would need to provide loans worth $220 billion. "(Another) alternative idea works like this: Instead of replacing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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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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. The idea that we can pick and choose among borrowers with toxic loans produces several false notions. Misconception No. Because when buyers look at recent home sales they do not distinguish between homes sold Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
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National Registration For Loan Officers Becomes Reality
The sale of residential mortgages allows local lenders to have fresh capital which can then be used to originate more loans. The System will better identify bad actors and mitigate their migration from one state or company to another.” An Audit Trail One of the major questions concerning the new system relates to those unique identifiers. A year ago the idea of a national registration system for loan officers was seen as politically impossible, National Registration For Loan Officers Becomes Reality By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. In the end, the most likely solution will be loan modifications, new deals between option ARM borrowers and Option ARM Borrowers Running Out Of Time By Peter G. Miller Step
www.realtytrac.com
- Tuesday, February 3, 2009
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