2 Articles match "Lending","New Jersey","Quarterly"

The Latest from RealtyTrac MORE
No Mortgage Meltdown For These Banks
Instead, what you see are lenders who merely stuck with tested, traditional lending concepts. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street
www.realtytrac.com - Tuesday, February 3, 2009
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Study Forecasts Rising Subprime Foreclosures
A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study argues that subprime foreclosures will heavily impact the overall housing market because subprime loans now make up a quarter of all
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Study Forecasts Rising Subprime Foreclosures
    A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study argues that subprime foreclosures will heavily impact the overall housing market because subprime loans now make up a quarter of all
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • No Mortgage Meltdown For These Banks
    Instead, what you see are lenders who merely stuck with tested, traditional lending concepts. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE