2 Articles match "First Mortgage","September"

The Latest from RealtyTrac MORE
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. In all, the
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A 'Dialogue' on the Housing Market
Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. When I got into this business, back in 2000, defaults were about 1 percent of all first mortgages. Gary Anderson Center for Economic Research at Chapman University Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Now the stage is set.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • 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. In all, the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A 'Dialogue' on the Housing Market
    Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. When I got into this business, back in 2000, defaults were about 1 percent of all first mortgages. Gary Anderson Center for Economic Research at Chapman University Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Now the stage is set.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE