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14 Articles match "Income","Press"
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How Much for Those Lender Assets in the Window?
One can see investors looking at delinquency and foreclosure rates, loan age and also geographic concentrations, down payment data, equity, income, credit ratings, sale terms and other factors. At the same time, the Merrill discount may be too steep for owners without a pressing need to sell their mortgage paper. ____________________ Peter G. How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much for that doggie in the window?
www.realtytrac.com
- Tuesday, February 3, 2009
Free foreclosure help and avoiding foreclosure information - RealtyTrac
These HUD-approved housing counselors are private and public organizations that have been screened by HUD and are reputable groups that help you try to negotiate a repayment workout deal with your lender. Document Everything in Writing A deed-in-lieu is a potential way out of foreclosure for distressed homeowners who are hard pressed to find their way back to financial solvency. It may not always be the best way, but it can be much better than going all the way through the foreclosure process or filing for bankruptcy. Cut Back on Spending and Look for Income Streams If you want
www.realtytrac.com
- Tuesday, February 3, 2009
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Screech from "Saved by the Bell" in Foreclosure
The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee." This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the Milwaukee Journal-Sentinel .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Free foreclosure help and avoiding foreclosure information - RealtyTrac
These HUD-approved housing counselors are private and public organizations that have been screened by HUD and are reputable groups that help you try to negotiate a repayment workout deal with your lender. Document Everything in Writing A deed-in-lieu is a potential way out of foreclosure for distressed homeowners who are hard pressed to find their way back to financial solvency. It may not always be the best way, but it can be much better than going all the way through the foreclosure process or filing for bankruptcy. Cut Back on Spending and Look for Income Streams If you want
www.realtytrac.com
- Tuesday, February 3, 2009
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Whitney Houston: Diva in Default
Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press. These celebrity-related foreclosure filings — which will probably become more frequent as market conditionssoften — demonstrate that almost every income bracket is susceptible toforeclosure. Thanks to delinquent mortgage payments totaling more than $1million, singer Whitney Houston faces the possibility of foreclosure on a home in New Jersey, according to the AssociatedPress . The news service reports that one of two lots owned by Houston was
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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"Subprime" voted 2007 Word of the Year
The American Dialect Society has chosen subprime as the word of the year for 2007, reflecting a “preoccupation of the press and public for the past year with the deepening mortgage crisis.” Other real estate words nominated for voting were “exploding ARM,” “liar’s loan” and “NINJA” (No Income, No Job or Assets). The society defines subprime as “an adjective used to describe a risky or less than ideal loan, mortgage or investment.” The preoccupation with the subprime loan fallout also prompted the society to create a new category for its 18 th annual words-of-the-year vote:
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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40 Is the New 30 for Lenders and Investors
Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. The net result -- lenders need new methods of generating income and these 40-year loans may be one solution. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Negative Savings Rate Portends More Defaults
The Personal Income and Outlays report pegged the countrys personal savings rate at negative 1 percent in 2006, lower than the negative 0.4 Not since the Great Depression has the personal savings rate registered in negative territory for two consecutive years, according to an Associated Press article on the report. They can spend less in other areas of their budget, increase their income with a new job or another job, refinance A Commerce Department report released last week confirmed that Americans are continuing to spend more than they make, setting the stage for more increases in foreclosure activity in 2007.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third quarter income between 2006 and 2007. The statement also explains the company’s need to write down more than $3 billion in various financial instruments including subprime mortgage-backed securities, highly leveraged financial commitments and fixed income credit trading. In its release, Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Avoid Foreclosure Before it Starts at RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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New Poll: Buyers to Remain on the Fence
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. Still, the cost of everything else - especially energy and food - is scaring a lot of people because they have less disposable income. And that could be years down the road. A majority of those polled for the survey expressed pessimism over the nation’s housing contraction (as the Federal Reserve calls it) enough to not consider buying a home anytime
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Economic Indicators: Image Is Everything
As the Associated Press reported Tuesday morning, this latest report by the Case-Shiller index, which tracks prices of single-family homes in 10 metropolitan areas around the country, suggests that prices have either been “growing more slowing or declining for 19 consecutive months.” According to the press release, based on the 5,000 U.S. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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