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59 Articles match "Interest Rates","Market","Real Estate"
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The Latest from RealtyTrac
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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. It appears everywhere and is never challenged, as if real estate investors are somehow Don’t Dump Investors By Peter G. The investor double-standard is hardly hidden.
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. That said, whats plain is that the SEC has opened
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Fitch Ratings says in a just-issued report that option ARMs worth $200 billion are now outstanding. According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option
www.realtytrac.com
- Tuesday, February 3, 2009
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Fed Remains in Hibernation on Interest Rates
After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. On Wednesday the watchdog of federal monetary policy did what many economists expected it to do and hit the snooze button yet again, deciding to keep the short term federal funds rate at its current level of 5.25 percent. The recent actions of the Federal Open Market Committee may seem unresponsive to concerns of industries, like real estate, that believe lowering interest
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
REO is an acronym for real estate owned and is industry jargon for foreclosure property repossessed by banks or lenders. Bank-owned properties are usually sold at below-market prices with great terms like low down payments and low interest rates... Locate below-market priced properties Where can I find REOs? Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts
www.realtytrac.com
- Tuesday, February 3, 2009
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Shopping for Foreclosures? Secure Financing Early!
With interest rates ticking up and ARMs adjusting upward, experts predict an increase in the number of foreclosure properties on the market. Foreclosure properties are some of the best opportunities in real estate today with average savings of 10 t
RealtyTrac Article Library
- Friday, November 2, 2007
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Shopping for Foreclosures? Secure Financing Early!
With interest rates ticking up and ARMs adjusting upward, experts predict an increase in the number of foreclosure properties on the market. Foreclosure properties are some of the best opportunities in real estate today with average savings of 10 t
RealtyTrac Article Library
- Friday, November 2, 2007
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A 'Dialogue' on the Housing Market
Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Will (the foreclosure rate) go to 2 percent? Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. Now the stage
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. 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bernanke: Free Market Can Curb Foreclosures
Bernanke talked extensively about how he believes the Federal Reserve Board should respond to rising foreclosures — specifically in the subprime mortgage market. His conclusion came down in favor of the free market: "Credit market innovations have expanded opportunities for many households. Markets can overshoot, but, ultimately, market forces also work to rein in excesses. In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S. For some, the self-correcting pullback may seem too late and too severe.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Mortgage Loans - Estimating the Costs Involved - RealtyTrac
More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! In a buyer’s market... However, realize that most of those bargain properties won’t stay on the market for long. Foreclosure Mortgage Loans: Estimating the Costs Involved Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. it can be tempting to jump at the great deals that
www.realtytrac.com
- Tuesday, February 3, 2009
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U.S. Housing Starts Rise, Though Permits Fall
The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today. Total housing starts rose 9 percent to a seasonally adjusted annual rate of 1.5 Fears that the million units in February, higher than the 1.4 million units economists had predicted and the largest monthly increase since January 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fairy Tales Don't Always Come True
Organized real estate was begging for it. And the fiasco in the subprime market is wreaking havoc and not making the situation any less stressful either. Bernanke is standing firm to his real world approach for interest rate adjustments. Wednesday Bernanke and his colleagues at the Federal Open Market Committee agreed unanimously Wall Street was fantasizing about it. Industry analysts are still predicting that it’s going to happen, they just don’t know when.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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