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21 Articles match "Mortgage","Residential"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
At first it might seem that such a question has little to do with the current mortgage crisis, but actually its at the center of the recent legislation that authorizes the Treasury Department to pay out $700 billion in taxpayer money for financial paper of questionable value. This is a huge issue because at the end of 2007 the United States had residential mortgages worth $10.5 How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much for that
www.realtytrac.com
- Tuesday, February 3, 2009
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Study: Brokers, Minority Borrowers to Blame for Most Mortgage Delinquencies
Study: Brokers, Minority Borrowers to Blame for Most Mortgage Delinquencies DSNews Residential mortgages originated by brokers at the height of the housing boom, as well as loans given to minority borrowers, are to blame for the lion’s share of...( read more
Foreclosure Pulse
- Wednesday, September 2, 2009
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Foreclosure Starts on Prime, Fixed-Rate Loans Fuel Another Record High in Mortgage Delinquencies
Mortgage delinquencies break another record Prime, fixed-rate loans account for one in three foreclosure starts: MBA August 20, 2009, MarketWatch Residential mortgages either in foreclosure or with at least one payment past due hit 13.16% in the second...( read more )
...Tags: Tags: foreclosure news August 20 delinquency rat
Foreclosure Pulse
- Thursday, August 20, 2009
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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
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New Mexico Foreclosure Laws
The typical foreclosure process lasts about six months. Compare All State Foreclosure Laws New Mexico Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 180 Days NA 30-270 Days Court Comments: Judicial Foreclosures only
www.realtytrac.com
- Tuesday, February 3, 2009
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Waning Confidence a Concern That May Help Foreclosures
If housing prices plummeted like they did back in the early 1990s, the loan-to-value ratio on many mortgages might force homeowners into foreclosure, providing new opportunities for real estate investors, speculators, real estate agents and anyone looking to buy a home from the foreclosure pipeline. Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. Economics 401 – Effects of a housing ‘slump’? When James L.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure's Fallout, 2 Titans Tumble
Every time Wall Street executives and economists think they have acknowledged the full extent of the subprime mortgage meltdown in the residential real estate sector, more bad news is uncovered. billion loss in the subprime mortgage sector — the biggest loss in the brokerage’s 93-year history — brought down chief executive office Stan O’Neal . Last week, Citigroup’s chief executive Charles Prince tendered his resignation — another casualty of the growing subprime fiasco. Prior to Prince’s departure, Citigroup said that it would take additional write-downs of $8 billion
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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National Registration For Loan Officers Becomes Reality
Could it be that the nice person carefully writing down your social security number and financial information has committed fraud, is barred from selling loans in another state or never took a mortgage financing class? But that’s about to change because registering mortgage loan officers is now the law of the land. The Secure and Fair Enforcement for National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009
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Short sales rising
That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property. short sale refers to a situation where a homeowner lacks sufficient equity to close a transaction and asks the lender to accept less than the full mortgage balance for a loan payoff. Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
billion auction industry is residential real estate auctions, which jumped 12.5 That scenario has become more common as the number of owners with little or no equity — or even negative equity — has grown, particularly in cases of pricier homes with recent mortgages. Buying a bank-owned foreclosure at an auction, however, is not without hurdles. Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
www.realtytrac.com
- Tuesday, February 3, 2009
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Will Homeowners Sink or Swim?
But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. The next big wave of news may be a true real-estate slump, as hundreds of billions in adjustable-rate mortgages reset, making it even more difficult for homeowners in depressed markets to meet higher monthly payments. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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