Pay Option ARMs
FreeRateUpdate.com: Foreclosures Forecasted to Flood Market in 2011
Foreclosure filings for the month of January experienced a 17 percent decline over last year, according to RealtyTrac, Inc., which publishes the most comprehensive database of home foreclosures online. But this positive news could slightly mislead consumers. Other background factors are at play. For example, many lenders are currently bombarded with the sheer number of […]
18Feb2011 | admin | 2 comments | Continued
Fed Treasury Choke On Kryptonite
The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday’s headlines describing new data from the National Association of Realtors. Major media said that “Home Sales Exceed Forecasts” (Bloomberg) and “Sales Rise 7.4%” (Wall Street Journal) and “Sales […]
23Dec2009 | MichaelWhite | 3 comments | Continued
Top Forensic Loan Auditor Comments on Wells’ Pay Option Situation
Calling B.S. on pollyanna-ish appraisals of Wells’ Pay Option ARM risk, with the help of an industry expert.
30Nov2009 | admin | 2 comments | Continued
Implode-O-Meter News- An error has occurred, which probably means the feed is down. Try again later.
- Mortgage Lender Implosions and Updates
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- Bank Implosions and Updates
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- Hedge Fund Implosions and Updates
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- Builder Implosions and Updates
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…