Posts tagged as:

loans

Commentary

Servicers Incentivized To Modify Loans Under Obama Plan – Is It Enough?

by Rob K. Blake | February 22, 2009

The Obama $75 Billion housing stabilization plan holds pieces which are designed to help stem foreclosures and help those already in foreclosure with loan modifications. Currently servicers have shown no real signs of wanting to modify loans, but this new plan hopes to change their collective minds.
Will the Housing Stabilization Plan Work?
I’ll get to [...]

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Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government.
Oh my God!
The sky [...]

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Commentary

How Much Time is 13 Seconds? Enough for Another New Foreclosure

by Joshua Dorkin | February 5, 2009

Remember the Rolling Stones song “Time is on Our Side”?
It seems that that song might finally be outdated!

According to the Center for Responsible Lending (CRL), we’re running out of time. Their website has a counter that sums up the total number of foreclosures since January 1, 2009, and every 13 seconds the counter ticks [...]

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Financing Real Estate

Real Estate Investors – Learn Where to find Portfolio Lenders

by Troy Schuricht | July 17, 2008

Last week I spoke about why Portfolio Lenders are important to investors, but the bigger question may be how to find them.   
Tracking down a financing source is never an easy task.  Many individuals have no idea where to start so they usually talk to there personal bank first.  While the likes of Wells Fargo, Chase, Bank of America and more [...]

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Financing Real Estate

Are Mortgage Brokers An Endangered Species?

by Rob K. Blake | July 13, 2008

By all accounts it seems the banking lobby will get everything they’ve been ask for from Congress over the past decade and in do so may legislate mortgage brokers out of existence.
A little history lesson is in order to understand all the political and media spin designed to sway their and public opinion away from [...]

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Housing

Fannie Mae & Freddie Mac: What Will The Feds Do?

by Charles Feldman | July 11, 2008

Fannie Mae and Freddie Mac, combined, own or back up some $5 trillion dollars of debt. That is about half of ALL the mortgages in the U.S. They have already lost some $11 BILLION since the current mortgage/credit crisis began, so it is easy to see why there is profound concern about their fiscal health–or [...]

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Real Estate Market

Information and its Relevance: An Inside Look at the Current Housing Mess

by Tom Koziol | June 13, 2008

Everybody knows a recession is when your neighbor loses his job. A depression is when you lose your job. Apparently more of us are coming closer to depression than we would like to believe.
The data you are about to read is from the June 2008 edition of Collections & CREDIT RISK magazine. This particular magazine [...]

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Commentary

Through The Looking Glass: A Future Look at the Real Estate Marketplace.

by Richard Warren | June 9, 2008

One of the questions I hear over and over is “when will the real estate market return to normal?” There were so many newcomers investing in real estate that have no historical perspective of the market. So many things occurred that had never been seen before. People lacking in experience did not realize that this [...]

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Mortgages & Lending

Lender Guideline Changes That Effect All Investors

by Troy Schuricht | June 5, 2008

There are two major player in the lending industry right now, Freddie Mac and Fannie Mae, both of these companies are very important because they more or less dictate the rules and guidelines for lender and banks across the USA.
Freddie Mac recently released a guideline change – “We are revising our requirements for Investment [...]

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Credit

Turning the Real Estate Ship Around: Why It Hasn’t And How It Can

by Charles Feldman | May 21, 2008

Okay…so what’s wrong with this picture? In communities all across America the value of homes has dropped faster than the New Year’s Eve ball in Times Square. Lower prices should mean bargin prices. Bargin prices should mean people jumping back into the housing market.
People jumping back into the housing market should help inflate the value [...]

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Housing

Alt-A Loans: The Crisis Yet To Come?

by Charles Feldman | May 20, 2008

Last week, a member commented on my weekly post that he thought the next great crisis, following the current one caused in large measure by subprime mortgages, will come to us via something called Alt-A loans. And, he just may be right!
Alternative to grade-A prime loans..or Alt-A loans..unlike subprime loans, were dished out to folks [...]

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Commentary

Real Estate Lessons Learned Or Lost?

by Charles Feldman | May 7, 2008

Will we ever learn? Doesn’t look like it.
You’d think what with all that has gone down with the subprime mortgage/credit mess, the real estate industry (or, at least, segments of it) would be in the forefront of a much needed reform movement.
Instead, there seems to be an almost pathological desire to return to “normal” as [...]

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Real Estate News

Sunday Real Estate Wrap-Up

by Joshua Dorkin | February 24, 2008

I’m not sure about the rest of you, but this has been a LONG week for me. Personal issues aside, is seems like there is just so much happening in the world: Lunar Eclipse, US shoots down failing satellite, Kosovo declares independence, Castro steps down from leadership of Cuba, Ralph Nader is back, Clinton/Obama [...]

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Commentary

When Lenders Mess Up, Everyone Suffers!

by Jim Watkins | October 5, 2007

The days of the “Fogamir” mortgages are gone. Surely you remember the Fogamir?
“Yes Sir! We can give you a mortgage. If you would just take this application and rather than fill it out, could you breathe heavy onto that reflective square at the bottom?” If it fogged up, you got the mortgage.
It was [...]

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