13 Articles match "June","Mortgage"

• The Best from RealtyTrac

  MORE

• Mortgage Reform to Calm Foreclosure Storm
  
  In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes."
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Can "Appreciation Sharing" Solve The Mortgage Mess?
  
  Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller     We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During It’s a big experiment and it raises a bigger question: Is this the loan of the future?
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• More Trouble for Ed McMahon
  
  The loan is secured by the star’s Beverly Hills home, which went into foreclosure back in June for $644,000 owed on a $4.8 million mortgage. In interviews with Al Roker on “The Today Show” and Larry King Live on CNN back in June, McMahon admitted that poor money management, bad investments and two divorces led to the financial dilemma he and his wife Pamela now face. Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Ohio Lawmaker Seeks Solution to Foreclosure Level
  
  The state went from the seventh highest total of foreclosures in the nation in April to the fourth highest total in June. At the local level Cuyahoga County went from the county with the highest foreclosure rate in the state — one foreclosure filing for every 453 households in May — down to the seventh highest foreclosure rate in the state — one foreclosure filing for every 508 households — for June. Mortgage delinquencies continue to rise, the number It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Whitney Houston: Diva in Default
  
  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 . was listed as a pre-foreclosureon RealtyTrac in June with an original loan amount of $975,000. Houstonis one of several celebrities in the past year to face foreclosure action ofsome kind. The news service reports that one of two lots owned by Houston was scheduled for public auction on January 4 by the Morris County’sSheriff’s office. Houston’spublicist told a local newspaper that the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Will Main Street Sink Wall Street?
  
  Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages. The meltdown of the two funds has sent tremors through financial markets, causing investors to reassess their appetite for this type of risk.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Economic Indicators Support Slow Gain in Foreclosures
  
  These latest adjustments follow closely on the heels of 16 similar adjustments the Fed has made since June 2004. With these latest adjustments, the Chapman forecast calls for 30-year fixed-rate mortgages to peak out at 7.1 Esmael Adibi, executive director of the Anderson Center, the people who are going to be hurt the most by these adjustments, and those taking the greatest risk of going into foreclosure, are homeowners who purchased within the past couple of years, Economics 101 – Interest Rates Now that we are hovering at the mid-year point, economists are starting to review their projections for this year.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Legislating Lower Foreclosure Rates?
  
  But opponents say the law is cutting down on the legitimate loans available to residents of the 10 zip codes and thereby will lower house values by reducing the number of potential buyers who can qualify for a loan, creating a glut of unsold inventory. The bill requires certain “high risk” mortgage applicants to receive credit counseling before taking out a home loan, and only applies to state-chartered loan originators, not federally chartered loan originators, according to the Chicago Association of Realtors. Local mortgage planning specialist and blogger Dan Green created the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fannie Mae Toughens Foreclosure Guidelines
  
  With government officials at the local, state and federal levels clamoring to clamp down on the nation’s financial institutions and other loan originators, plus the recent bailout of Bear Stearns by the Federal Reserve after the Wall Street giant became so heavily invested in subprime backed mortgage securities, it was just a matter of time before the Federal National Mortgage Association (better known as Fannie Mae ) did something to tighten the reins as well. Well, this past Monday it finally did. Effective June 1, 2008, Fannie will require a potential borrower’s credit history
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Rise in Home Values Keeps Foreclosures in Check
  
  Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. So anyone who has owned a home for more than two years may have a pool of money that can be used to make emergency mortgage payments – thus keeping their home out of the foreclosure pipeline, says Esmael Adibi, executive director of the Anderson Center. Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. Reaching a double-digit
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE