Home Foreclosure Rates Slackened in February, But Misery Remains
RealtyTrac reported Thursday that foreclosures in February rose only 6%, their smallest increase since 2006, but with millions of homeowners underwater on their mortgages and unemployment around 10%, even that small hint of good news could be a temporary illusion.
Continue reading Home Foreclosure Rates Slackened in February, But Misery Remains
Home Foreclosure Rates Slackened in February, But Misery Remains originally appeared on DailyFinance on Thu, 11 Mar 2010 12:44:00.
Filed Under: Economy, Real Estate
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Home Foreclosure Rates Slackened in February, But Misery Remains
Tags: copyright, digital, economy, experts, filed-under, img-vspace, misery, mortgages, news, newspaper, small-hint, smallest, their-mortgages, their-smallest
Mortgage Delinquencies Down in Third Quarter, but Still Up from 2008
Feb 19, 2010 Object
Mortgage delinquencies fell in the fourth quarter compared to the third, but are still higher than they were a year ago. Even so, some mortgage industry economists think we may be seeing the beginning of the end of the mortgage delinquency tidal wave.
Continue reading Mortgage Delinquencies Down in Third Quarter, but Still Up from 2008
Mortgage Delinquencies Down in Third Quarter, but Still Up from 2008 originally appeared on DailyFinance on Fri, 19 Feb 2010 14:38:00.
Filed Under: Economy, Real Estate
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Mortgage Delinquencies Down in Third Quarter, but Still Up from 2008
Tags: beginning, boeing, boeing-gives, economy, housing, img-hspace, jobs-on-april, layoffs, mortgage-delinquencies, mortgages, some-mortgage, the-mortgage, third-quarter
More than 5 Million Homes Will be Worth Less than 75% of Their Mortgage
Feb 3, 2010 Object
About 5.1 million mortgage holders will own homes that are worth 75% or less than what they owe on their mortgages. This is the conclusion of a new study by First American CoreLogic given exclusively to The New York Times. One of the firm’s senior economists, Sam Khater, told the paper, “People’s emotional attachment to their property is melting into the air.” The most astonishing number in the study is that it would take $745 billion to get mortgages to the point where no home loans in the U.S. were underwater.
Continue reading More than 5 Million Homes Will be Worth Less than 75% of Their Mortgage
More than 5 Million Homes Will be Worth Less than 75% of Their Mortgage originally appeared on DailyFinance on Wed, 03 Feb 2010 05:05:00.
Filed Under: Real Estate
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More than 5 Million Homes Will be Worth Less than 75% of Their Mortgage
Tags: a-new-study, conclusion, discretionaryspending, economy, filed-under, medicaid, million-homes-, mortgages, property, real-estate, the-conclusion, their-mortgage, today, told-the-paper, underwater mortgages
Solving the Mortgage Mess By Modifying Loans - and Borrower Behavior
Feb 2, 2010 Object
Last week, the Treasury Department took steps to simplify the process for qualifying for a mortgage loan modification through its Making Home Affordable Program. Among the changes, lenders will now have to collect a borrower’s paperwork upfront. Borrowers will also be able to give lenders electronic access to their tax returns rather than having to pull those documents together themselves. Both of these things should help ensure that more trial modifications are eventually converted to permanent ones.
Continue reading Solving the Mortgage Mess By Modifying Loans - and Borrower Behavior
Solving the Mortgage Mess By Modifying Loans - and Borrower Behavior originally appeared on DailyFinance on Tue, 02 Feb 2010 14:24:00.
Filed Under: Economy, Real Estate
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Solving the Mortgage Mess By Modifying Loans - and Borrower Behavior
Tags: a-mortgage-loan, entry, jpm, lending, modification, modifying, mortgages, principal, process, real-estate, refinance mortgage
Toyota Recall Helps Ford Sales Surge 25% in January
Ford Motor (F) reported that sales surged 24.6% last month, as it took advantage of a revived product lineup and consumer concerns about the recall of its closest competitor, Toyota Motor Corp. (TM). In January, Ford says it sold 116,406 vehicles, up from 93,506 a year ago, with passenger cars accounting for the bulk of the sales increase.
Continue reading Toyota Recall Helps Ford Sales Surge 25% in January
Toyota Recall Helps Ford Sales Surge 25% in January originally appeared on DailyFinance on Tue, 02 Feb 2010 14:13:00.
Filed Under: Company News, Economy, Ford Motor Co., Autos
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Toyota Recall Helps Ford Sales Surge 25% in January
Tags: a-mortgage-loan, autosales, mortgages, news, process, real-estate, toyota, toyota-motor, trucksales
Rising Apartment Vacancy Rates Could Threaten Regional Banks
Apartment vacancy rates soared to their highest level in 30 years in the fourth quarter of 2009. That means more apartment owners could have trouble paying their mortgages, which could lead to an even greater number of commercial defaults. U.S. bank examiners believe losses on commercial real estate loans pose the biggest risk to U.S. banks this year.
Continue reading Rising Apartment Vacancy Rates Could Threaten Regional Banks
Rising Apartment Vacancy Rates Could Threaten Regional Banks originally appeared on DailyFinance on Thu, 07 Jan 2010 10:12:00.
Filed Under: Economy, Real Estate
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Rising Apartment Vacancy Rates Could Threaten Regional Banks
Tags: apartment, apartments, bank-examiners, commericallending, consumers, even-greater, gains-momentum-, jobless, mortgages, ourselves-using, realestate, regional banks, technology, their-mortgages
Democrat Chris Dodd, the Senate Banking Committee Chairman, Is Retiring
Democrat Chris Dodd, the Connecticut senator who wants to weaken the Fed and name a top financial cop, is expected to announce in his decision to not seek reelection in 2010 at a press conference today, according to a report in the Washington Post. His popularity has waned, especially since it became pubic that he obtained two discounted VIP mortgages from Countrywide during the real estate boom. A Senate ethics panel later cleared Dodd of breaking rules by taking the mortgages, but its report said he should have done more to avoid the appearance of sweetheart deals.
Continue reading Democrat Chris Dodd, the Senate Banking Committee Chairman, Is Retiring
Democrat Chris Dodd, the Senate Banking Committee Chairman, Is Retiring originally appeared on DailyFinance on Wed, 06 Jan 2010 09:30:00.
Filed Under: Economy, People, American International Group, INC.
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Democrat Chris Dodd, the Senate Banking Committee Chairman, Is Retiring
Tags: aig, december, entry, hoeven, mortgages, news, people, popularity-has, real-estate, senatebankingcommittee, the-previously, the-private, weaken-the-fed
Citigroup Still Paid Millions to Some Top Execs in 2009
Even though it’s still on life support from the federal government, Citigroup (C) paid close to $9 million each to five top executives in 2009, according to a report in The Wall Street Journal on Wednesday. The pay packages were approved by the Obama administration’s pay czar, Kenneth Feinberg, because the compensation was primarily in shares of stock that can’t be sold immediately.
Continue reading Citigroup Still Paid Millions to Some Top Execs in 2009
Citigroup Still Paid Millions to Some Top Execs in 2009 originally appeared on DailyFinance on Wed, 06 Jan 2010 09:02:00.
Filed Under: Company News, People, Citigroup
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Citigroup Still Paid Millions to Some Top Execs in 2009
Tags: citigroup, filed-under, life-support, mortgages, news, senatebankingcommittee, street-journal, the-previously, wednesday
Daily Blogwatch: How One Man Made $6 Billion and 10 Reasons to Invest Abroad
Below are some of the best reads for investors from around the Web:
TopForeignStocks has ten reasons to invest in foreign stocks this year.
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Well, it’s pretty darn cold in NYC this year. And I’m still trying to understand what it means when it’s -5 degrees with “wind chill.” Mental Floss explains what the wind chill factor is.
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What’s the scoop on David Tepper, the investor who made $6.5 billion this year?
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Continue reading Daily Blogwatch: How One Man Made $6 Billion and 10 Reasons to Invest Abroad
Daily Blogwatch: How One Man Made $6 Billion and 10 Reasons to Invest Abroad originally appeared on DailyFinance on Wed, 06 Jan 2010 08:30:00.
Filed Under: Company News, Columns, Economy, Investing
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Daily Blogwatch: How One Man Made $6 Billion and 10 Reasons to Invest Abroad
Tags: billion, filed-under, foreign-stocks, invest-abroad, investors-from, mortgages, news, street-journal, the-previously, what-the-wind
The Problem for Housing in 2010: Rising Mortgage Rates
Dec 25, 2009 Object
Most real estate experts back the theory that the recent recovery in home sales is primarily due to two factors: mortgage rates that have been hovering around all-time lows and the government’s tax-credit program for first-time home buyers. Also helping but probably less important are the mild economic rebound and steep tumble in house prices. High unemployment and fear that home prices will drop further undercut the positive forces.
Continue reading The Problem for Housing in 2010: Rising Mortgage Rates
The Problem for Housing in 2010: Rising Mortgage Rates originally appeared on DailyFinance on Fri, 25 Dec 2009 10:00:00.
Filed Under: Economy, Real Estate
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The Problem for Housing in 2010: Rising Mortgage Rates
Tags: around-all-time, back-the-theory, cost of capital, costofcapital, filed-under, for-first-time, housing, housingmarket, housingprices, mortgage-rates, mortgages, recent-recovery, rising-mortgage, the-government
