4 Articles match "Ideas","March","Sales"

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Long-Term Solution for Fannie and Freddie Dilemma
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. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
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. See: "Mortgage Liquidity du Jour: Underestimated No More," March 2007.) "Option ARMs only provide borrowers Option ARM Borrowers Running Out Of Time By Peter G. Miller   
www.realtytrac.com - Tuesday, February 3, 2009
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Bank-Repossession Beat Continues in March
foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Bank-Repossession Beat Continues in March
    foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New Poll: Buyers to Remain on the Fence
    Conducted between March 24 and April 3, 2008, by Abt SRBI Inc., For one, existing home sales — which went up in February — may be nothing more than a momentary blip on the radar screen. The idea that home prices may indeed have much further to fall before finally recovering next year or even in 2010 has people nervous and unprepared for what the future might hold. If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Long-Term Solution for Fannie and Freddie Dilemma
    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. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
    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. See: "Mortgage Liquidity du Jour: Underestimated No More," March 2007.) "Option ARMs only provide borrowers Option ARM Borrowers Running Out Of Time By Peter G. Miller   
    www.realtytrac.com - Tuesday, February 3, 2009
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