6 Articles match "Mortgage","Washington Mutual"

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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. Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Countrywide. Citigroup.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 40 Is the New 30 for Lenders and Investors
  
  Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves. Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Not Enough Rope in Administration's Lifeline' Program
  
  Washington Mutual and Wells Fargo & Co. — which are responsible for almost 50 percent of all mortgages in this country, to throw at least a bone to as many homeowners facing foreclosure as possible. The homeowners have to be more than 90 days behind on their mortgage payments, and call in once they get a letter from their lender asking them to reaffirm that they want to stay in their home. Just a few short months ago President Bush stood in front of the press and swore that it was not the federal government’s job to bail out either lenders who made bad loans or speculative homebuyers who purchased more home than they could rightly afford utilizing the so-called “exotic” or “liar loans” popularized over the past few years.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Fouls Up Sports Stars
  
  Canseco owed Washington Mutual more than $2.5 rdquo; Canseco told Inside Edition, “I do have a judgment on my home and it to me is very strange because it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else. Citizens Bank filed foreclosure proceedings against Sprewell because he failed to make his mortgage payments of $2,593 per month since last September and owed the bank $320,284. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. At the time of sale Richardson allegedly owed her lender, Washington Mutual, more than $578,000 thanks to the 100 percent financing used to purchase the home and the additional fees and costs incurred by foreclosure. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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 doggie
  www.realtytrac.com - Tuesday, February 3, 2009
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