arm: Investors to stave off potential foreclosures - 05/04/08 05:03 PM
The real estate market works in many different ways, as does any marketplace. Some of it is very predictable, and then some isn't.
Consider this. The housing market in Las Vegas experienced dizzying heights a few years ago, fueled by several factors that included low mortgage interest rates, benevolent lending guidelines … (8 comments)
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arm: Freddie Mac to the rescue - 04/24/08 12:08 AM
Freddie Mac is one of the big players in the secondary mortgage market, buying conforming loans there to add liquidity to the vast home finance system. The current conforming loan limit is $417,000 and anything above that is called jumbo and interest rates at that altitude generally hover as much as … (10 comments)
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arm: The return of the ARM - 03/08/08 01:09 AM
The Adjustable Rate Mortgage, or ARM, lost much of its edge over the 30-year fixed in the last few years. Things actually got so tangled up for a couple of weeks in 2007 that the 5-year ARM, or 5/1 ARM, the most sought-after of them, demanded a higher interest rate than … (2 comments)
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arm: State of the real estate market today - 01/07/08 10:20 PM
The national mortgage and real estate market headlines last year were overwhelmingly pessimistic, implying that the roof is about to cave in. Many large and small lenders failed, some predictably and others unexpectedly, and several are still struggling to stay afloat. Growing foreclosure anxiety continues to keep the midnight oil burning … (16 comments)
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arm: Foreclosure process tripped by a court - 12/08/07 11:15 PM
The climbing foreclosure graph has been in the news for a good while and according to industry observers more are on the way as mortgage interest rates on a host of ARMs reset higher in the coming months. The financial markets are really concerned. To try to put a halt to … (4 comments)
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arm: Subprime mortgage rate freeze on thin ice - 12/05/07 10:05 PM
When the Treasury Secretary announced in a recent speech that the Hope Now coalition is working on an ambitious plan to freeze interest rates on qualified mortgages, the mood among homeowners who could be positively affected surely was upbeat. Hope Now is an alliance of community, government and industry groups in … (10 comments)
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arm: Home loan applications climb for the week - 10/31/07 11:12 PM
Good news are still rather rare in this current real estate environment, so when something noteworthy takes place, you ought to jump on it and shape a report to spread the word. Here's one of them that may not yet repeat itself week after week, but at least for now the curve … (10 comments)
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arm: Countrywide and NACA are now dating - 10/26/07 10:53 PM
The country's largest mortgage lender has received plenty of bad press lately, most of it the result of questionable business practices. Its subprime loans are defaulting in record numbers, it has well-documented liquidity problems and then it appears to be stonewalling in helping borrowers facing foreclosure. It isn't fun being the … (14 comments)
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arm: ARM interest rate calculation made easy - 09/10/07 06:58 PM
Many borrowers today have ARMs, or adjustable rate mortgages, and it can be a good loan program in various situations. A lot of them were taken out around two to four years ago when the housing boom ruled the landscape. Those home loans are now in the process of resetting and … (0 comments)
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arm: From mortgage troubles to lawsuits - 08/20/07 10:14 PM
This development was entirely predictable. It'll eventually be a standard operating procedure when things like this go down. A few years ago a whole bunch of people were so excited about making money in residential real estate that they couldn't stand still. Then when the market turned sour, they froze on … (6 comments)
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arm: Mortgage foreclosure law variations - 07/23/07 08:36 PM
It pays to know what type of a mortgage you have. What comes to mind first is the kind of home loan program you opted for. Whether it's a fixed rate product or an ARM of some sort, look up the details. If you happen to have an ARM, it's good to … (9 comments)
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arm: Mortgage foreclosure risk study - 06/06/07 01:29 PM
The discussion about subprime loans and foreclosures is going to stay with us for some time to come. I guess it makes good headline material. A research firm has just concluded a comprehensive study that estimates how many subprime loans are going to end up in foreclosure in the next several … (0 comments)
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arm: Subprime help on the way? - 04/17/07 05:26 PM
Looks like it. That's what Fannie Mae and Freddie Mac say they'll do. Help. These two large government-sponsored buyers of mortgage loans in the secondary market made that promise today in Congress. They are the ones that can be charmed a little easier than private financial institutions to make a difference. So, to start … (4 comments)
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arm: Subprime meltdown overblown? - 03/30/07 10:19 PM
How serious is it? It might actually be less of a problem than previously believed. A Federal Reserve Governor estimates that ARMs, in the eye of the storm, make up only about 8% of the entire home loan market. Relatively small number. Here's a bigger number. In some calculations the lenders … (6 comments)
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arm: Affordable housing in Vegas. - 03/24/07 02:17 PM
Although home price increases nowadays are leveling off, the unbelievable surge in the recent past has left many homeowner candidates out of the picture. Valley incomes have a way to go before catching up to that real estate escalation. With the median household income less than $50,000 and employing the NAR Housing … (0 comments)
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