Tag Archives: realtytrac

Bank Of America Pushes More Into Foreclosure

Bank of America has been harder hit by the mortgage crisis than any other bank. Only Wells Fargo comes close with a disproportionate share of their assets coming from mortgages. As Bank of America tries to clean up its mortgage … Continue reading

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Mortgage Rates Rise Fourth Straight Week

I was curious how rising gas prices and the disaster in Japan would effect interest rates. I did not see such rates rising for four straight weeks. The inflation threat is growing. Report: Low mortgage rates haven’t been enough to … Continue reading

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Foreclosures Drop For Three Straight Months

Good news for the housing economy? Sure, but I am not sure how significant it is. All the fundamentals driving up foreclosures are still in force. Yes, we’ve got tax credits for buying new homes. We have Obama’s mortgage modification … Continue reading

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Despite Subsidies, Banks Are Not Gung-Ho On Restructuring Mortgages

Funny that. Banks expect borrowers to live up to the terms they signed up for. Politicians want votes and they’ve instituted all sorts of programs to encourage lenders to restructure a lot of mortgages that might otherwise fall into foreclosure. … Continue reading

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One Man’s Misery Is Another Man’s Opportunity

HOUSTON, TX, Jul 28, 2008 (MARKET WIRE via COMTEX) — As the cost to protect Washington Mutual Inc. bonds from default rises for a third time following concerns that the biggest U.S. savings and loan won’t be able to overcome … Continue reading

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