10 Articles match "Lending","Real Estate","Washington"

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• Wachovia Changes The Lending Game
  
  Wachovia Changes The Lending Game By Peter G. By every measure Wachovia is an important part of the lending community, so when it does something new or different in the mortgage arena the impact can be significant. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution .
  www.realtytrac.com - Tuesday, February 3, 2009
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• Subprime meltdown means jump in foreclosures
  
  And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. 27, as Freddie Mac, one of the largest buyers of mortgages, tightened its lending standards and said it would no longer buy high-risk home mortgages that it deems to be highly vulnerable to foreclosure. million American homeowners will Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• And the Hits' Just Keep On Coming!
  
  Washington Mutual and Merrill Lynch. All well known names in the world of finance, and all are now feeling the pinch due to an unstable real estate mortgage market and the lasting impacts the subprime mortgage crisis is having on their bottom lines. For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Countrywide. Citigroup.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Million Foreclosures
  www.realtytrac.com - Tuesday, February 3, 2009
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• Ohio Lawmaker Seeks Solution to Foreclosure Level
  
  It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. Mortgage delinquencies continue to rise, the number of single-family permits are declining, the rate of home price appreciation is below the national average, and the state’s median home price declined in Q1, although One example — Rep. Steven C.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Here’s what the major presidential candidates have to say about the growing foreclosure epidemic: Democrats The three main Democratic presidential candidates — Clinton, Obama and Edwards —have made various proposals for modest reform, including setting up a federal fund to help homeowners fend off foreclosure and providing borrowers with counseling, along with laws to ban predatory lending policies. Clinton also wants the government to impose new disclosure requirements on mortgage brokers and curb their ability to dictate lending terms. “We need to act now with smart, practical
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Mayors Predict Rising Foreclosures in 2008
  
  billion, Dallas and Washington at $4 billion each, and Chicago at $3.9 Tell us what you think. Posted 11-29-2007 7:46 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trends Comments
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• No Mortgage Meltdown For These Banks
  
  Instead, what you see are lenders who merely stuck with tested, traditional lending concepts. 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. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent
  www.realtytrac.com - Tuesday, February 3, 2009
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• Another Approach to $700 Billion Bailout
  
  Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's What do you think? Posted 09-29-2008 1:50 PM by darenb
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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