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4 Articles match "Income","Maine","Properties"
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Wachovia Changes The Lending Game
The purpose of prepayment penalties is to keep loans — and the interest income they generate — outstanding for as long as possible. More income translates into more value to the loan owner, meaning that the loan can be sold and re-sold for a higher price in the marketplace. Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books Wachovia Changes The Lending Game By Peter G. Miller With assets of more than
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I The sooner we get to the level that average renters income can afford a house mortgage, the earlier the economy will stabilize. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie Mae Toughens Foreclosure Guidelines
As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. There are only three exceptions to this requirement: • Manually underwritten loans with non-traditional credit • Loans originated in limited cash-out situations, or • Loans insured by an agency of the federal government such as HUD, FHA or VA Although it does not appear that these new standards will apply to investors, they
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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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Wachovia Changes The Lending Game
The purpose of prepayment penalties is to keep loans — and the interest income they generate — outstanding for as long as possible. More income translates into more value to the loan owner, meaning that the loan can be sold and re-sold for a higher price in the marketplace. Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books Wachovia Changes The Lending Game By Peter G. Miller With assets of more than
www.realtytrac.com
- Tuesday, February 3, 2009
-
As Home Prices Plummet, When Will You Buy?
have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I The sooner we get to the level that average renters income can afford a house mortgage, the earlier the economy will stabilize. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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