18 Articles match "Homes","Number of","Origination"

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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. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. Blinder, a professor of economics and public affairs at Princeton University and Don’t Dump Investors By Peter G. The investor double-standard is hardly hidden.
www.realtytrac.com - Tuesday, February 3, 2009
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The Government Goes After Loan Officers
Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made bad loans also made big profits, profits which they get to keep while everyday wage earners and investors are bruised and battered by economic upheavals. A lot of people are wondering: Do those who made toxic loans have any responsibility? The Government Goes After Loan Officers By Peter G. If so, how can they be made to pay?
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. number of lenders have maintained traditional underwriting standards and mortgage offerings. Saccacio, chief executive officer at the country’s largest provider of foreclosure data and listings, RealtyTrac.com . “Instead, No Mortgage Meltdown For These Banks By Peter G. Famous lenders with once-fabulous finances are turning up in the headlines among the broke and busted.
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • How to Buy HUD Home Foreclosures - RealtyTrac
    How Can I Buy HUD Home Foreclosures? Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Government properties. More than 1 million total properties including For Sale by Owner, HUD Home Foreclosures, Resale, and Home Auctions! Almost anyone can qualify... Almost anyone can qualify to buy a home owned by the U.S. Department of Housing and Urban Development (a HUD home) so long as they
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Avoiding, Stopping Foreclosures Information, Helpful Resources, Stop Home Foreclosure - RealtyTrac
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    www.realtytrac.com - Tuesday, February 3, 2009
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  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
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    www.realtytrac.com - Tuesday, February 3, 2009
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  • Defaults Drive Subprime Lending Restraint
    Signs of self-imposed restraint on lending guidelines showed up this week in a somewhat surprising corner of the industry: the subprime market. Reuters reported yesterday that Fremont Investment and Loan, the nations fifth-biggest originator of subprime loans last year, was able to lower its early default rate from nearly 6 percent in mid-2006 to 3 percent through measures that included cutting ties with about 8,000 brokers whose loans were identified as contributing to the lender’s high default rate Fremont also cut down on the number of so-called stated income loans, which
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Legislating Lower Foreclosure Rates?
    An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Bargains on the Beach
    No one denies for a moment that some of this country’s most expensive real estate lies along its coastlines — Pacific and Atlantic. While that is true, the fact of the matter is that although it may be beachfront property, homeowners can nonetheless end up in foreclosure there as often as anywhere else. What it comes down to in order to successfully purchase beachfront property is identifying good potential markets to invest in, and doing some Thus, foreclosure bargains can be had even on the coasts. The list enumerated in that article is based upon an initial list created in
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Won't Break the Market Next Year
    The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. The severity of that impact, however, is open to discussion — depending, of course, on how you choose to massage the data to prove your point. Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • OTS Director Offers Alternative Plan to Congress
    In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M. Reich, Director of the Office of Thrift Supervision (OTS), offered an alternative foreclosure prevention plan to the one under consideration from the Federal Housing Administration (FHA). Representing the interests Having such a vested interest in how many borrowers will continue to go into foreclosure as more and more subprime loans reset to higher interest rates in the immediate future (the OTS report estimates that 1.3 million American
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Room Enough for a Catnap
    In this lackluster real estate market potential homebuyers have been sitting on the fence, observing from the sidelines as the number of foreclosures keeps going up and home prices keep plummeting. Hopefully the right time to pounce on a devastated market, timing the bottom of the market before the turnaround begins. Well, for one family it was the right What are they waiting for? And they apparently have good taste too since the property is located in what is considered to be an upscale and well-groomed development in Lake Elsinore, Calif.,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Option ARM Borrowers Running Out Of Time
    Option ARM Borrowers Running Out Of Time By Peter G. You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. Miller    Step right up folks. You say monthly payments are unaffordable but you want to buy anyway.
    www.realtytrac.com - Tuesday, February 3, 2009
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