|
|
55 Articles match "Interest Rates","Time"
|
The Latest from RealtyTrac
|
MORE
|
|
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. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. 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. For the first time loan officers are facing criminal
www.realtytrac.com
- Tuesday, February 3, 2009
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. Back then I said "the time has come for Fannie Mae and Freddie Mac to end their quasi-government status and join the rest of the risk-taking and tax-paying mortgage buyers who populate the private sector. "However, the march to privatization should
www.realtytrac.com
- Tuesday, February 3, 2009
|
-
|
The Best from RealtyTrac
|
MORE
|
-
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
-
Option ARM Borrowers Running Out Of Time
Option ARM Borrowers Running Out Of Time By Peter G. 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 Miller Step right up folks. You say you want
www.realtytrac.com
- Tuesday, February 3, 2009
-
First-Time Buyers Get Help with CA Foreclosure Purchase
First-time homebuyers in California are getting help in purchasing their piece of the American Dream thanks to a public-private partnership and $200 million in bond funds allocated to the California Housing Finance Agency (CalFHA). Gov. percent interest rate for 30 years and without a down payment! Arnold Schwartzenegger announced Monday that CalFHA’s Community Stabilization Home Loan Program will dole out the money, expected to help as many as 1,000 Californians obtain their piece of homeownership. But there is a catch!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Thanksgiving a Time to Reflect . . . on Foreclosures Too!
Traditionally, Thanksgiving is a time we take to reflect on our lives and what we can do to make the world a better place in which to live. for the needy, and we spend time with family and friends around the dinner table. And the projections are that there will be much more foreclosure activity in 2007 and 2008, especially as the effects of an estimated $1 trillion in “exotic” adjustable-rate mortgages start being felt. Volunteers go out and serve meals to the hungry, religious and non-profit organizations run campaigns to collect food, clothing, blankets, etc. We live in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
Bank-owned properties are usually sold at below-market prices with great terms like low down payments and low interest rates... Besides negotiating price, many buyers of REO properties also negotiate favorable lending terms below existing market rates. What are the advantages of buying bank-owned properties or REO homes? Buying bank-owned real estate offers the foreclosure buyer many advantages: Bank-owned properties are Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? REO is an acronym for real estate
www.realtytrac.com
- Tuesday, February 3, 2009
-
Foreclosure Mortgage Loans - Estimating the Costs Involved - RealtyTrac
Knowing what those types are, and how to utilize them, will leave a buyer or investor in the best possible position to be fully informed about finances before they go in to sign loan documents. Affordability Calculator — After income, monthly expenses, debts and any other monthly financial information are all entered, a much clearer picture forms as to how much of a home is truly affordable based on type of loan, interest rate and the length of the loan. Biweekly Calculator — For those who choose to make their mortgage payments on a biweekly basis instead of
www.realtytrac.com
- Tuesday, February 3, 2009
-
U.S. Housing Starts Rise, Though Permits Fall
Total housing starts rose 9 percent to a seasonally adjusted annual rate of 1.5 Also today, the Fed policy-makers begin their two-day meeting to discuss whether to adjust interest rates. Market watchers and economists are predicting that the central bank will leave interest rates unchanged for the sixth straight time, but the statement it releases Wednesday could provide insight into whether it sees inflation as a bigger threat than the economy’s sluggishness. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosures up 13 percent in February
Thats a foreclosure rate of one new foreclosure for every 986 U.S. foreclosure rate has moved higher, and it’s the second straight month new foreclosures have topped 100,000. In addition, bank-owned properties accounted for 39 percent of the total number, which is a higher percentage than usual and indicates that fewer homeowners in default have been able to stop the foreclosure process by selling or refinancing during pre-foreclosure." Georgia reported the nations highest foreclosure rate for the second RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Betting Everything on the House: 3 Risky Loans to Avoid
Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade. Adjustable Rate Mortgages (ARMs) With an adjustable rate mortgage, also called ARMs, borrowers lock in a lower interest rate for the first few years. Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Economic Environment Not Ripe for Heavy Foreclosure Levels
This time around, Doti believes the nation is not on the verge of economic turmoil, and the number of jobs being lost is negligible considering that the Chapman forecast calls for the number of jobs created in this country to continue growing, albeit at a slower rate than in the past. One thing that does concern him, however, as well as Fed Chairman Ben Bernanke, is a higher rate of inflation. Economics 201 – Inflation In announcing his findings on the condition of the nation’s economy Wednesday, Chapman University President James L. Doti proclaimed that, in his opinion,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
