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3 Articles match "Foreclose","New York","Qualifying"
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The Latest from RealtyTrac
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New York Versus Freddie Mac: Round One
New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens next:
www.realtytrac.com
- Tuesday, February 3, 2009
Study Forecasts Rising Subprime Foreclosures
A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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New York Versus Freddie Mac: Round One
New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens next:
www.realtytrac.com
- Tuesday, February 3, 2009
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Avoid and Stop Foreclosure - Help at RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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Study Forecasts Rising Subprime Foreclosures
A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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