Tag Archives: private investors

Bank of America Stock Weighed Down By Bad Mortgage Loans

Bank of America is still digging out from its 2008 purchase of Countrywide. In 2011, the bank has spent about $30 billion settling mortgage claims. Subprime lending was the largest cause of the housing crash and Countrywide was the largest … Continue reading

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Will The Federal Government Make A Good Landlord?

With hundreds of thousands of Americans defaulting on their mortgages, there’s been increased demand for rentals. So while home prices are going down for the past four years, rent is going up. Fannie Mae and Freddie Mac have thousands of … Continue reading

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Lenders Not Able To Firesale Valuable Assets

Fox Business Network: 8:48 a.m. As the economy recovered in 2010, confidence returned to the commercial housing market which helped the housing market. Institutional investors came heavily into the market, particularly with rentals. Retail came back stronger than expected. This … Continue reading

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How Long After A Foreclosure Until You Can Start Buying Again?

Are you devastated that you lost your home? Carolyn Warren says don’t look it as losing your home. Look at it as losing some property. There, it’s not so bad. If you have enough for a giant down payment, at … Continue reading

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Expect More Bank Takeovers

The WSJ says: WASHINGTON — The federal government’s $250 billion plan to bolster U.S. financial institutions is aimed at persuading healthy banks to lend again, but it’s likely to foster further consolidation in the industry, with some banks already saying … Continue reading

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What Is A Mortgage Note And How Do You Sell One?

A mortgage note is also known as a promissory note. It means that a person has promised to repay a loan for real estate. Here’s more: A particular trend in the mortgage industry is to sell your mortgage note to … Continue reading

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Subprime Crisis Over?

The New York Times reports that Wall Street thinks happy days may be here again. The stock market had a great day today and this means something significant. Stocks started the second quarter with a soaring rally on Tuesday that … Continue reading

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Here’s A New Mortgage Company

Wichita Business Journal – by Los Angeles Business from bizjournals: Here’s a report on a new company buying distressed mortgages. Private National Mortgage Acceptance Co. LLC, a new mortgage company designed to purchase and restructure distressed mortgages, was unveiled Monday, … Continue reading

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Buying Bad Mortgages

Reuters reports that there are buyers for distressed mortgages: BOSTON (Reuters) – Money management firm BlackRock Inc (BLK.N: Quote, Profile, Research) and hedge fund Highfields Capital Management are backing a new firm that will buy up distressed mortgages, betting that … Continue reading

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