Ilyce Glink Show Notes - November 15, 2009
Ilyce Glink Show Notes - November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.
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Nov 15, 2009
Foreclosure Numbers Are Dreadful In Q3 2009
Foreclosure numbers are dreadful in Q3 2009. Hard to imagine that the foreclosure numbers could get any worse, but the Q3 2009 numbers stunk to high heaven. Two-thirds of the foreclosures in the U.S. are concentrated in the top 10 states, but that won't make homeowners feel any better. Foreclosures are job-driven, and while the unemployment number keeps rising, foreclosure numbers will continue to rise, according to RealtyTrac.
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Oct 15, 2009
Foreclosures Increase 24 Percent In First Quarter 2009
In the first quarter, the number of foreclosures increased 24 percent from a year earlier, reported RealtyTrac today. One in every 159 homes received a foreclosure notice in the first quarter. RealtyTrac includes bank repossessions, default notices and auction sale notices in the foreclosures it…
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May 13, 2009
Treasury Secretary Geithner's Statement On Bank Stress Test Results
Statement from U.S. Treasury Secretary Timothy Geithner:
This afternoon, the Federal Reserve and the national banking agencies released the results of the stress tests - the most comprehensive, forward looking review of our nation's largest banks ever undertaken. These tests will help ensure that…
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May 7, 2009
Foreclosures Increase 9 Percent In First Quarter Of 2009
The number of foreclosures increased 9 percent in the first quarter of 2009 from the last quarter of 2008. They rose nearly 24 percent from a year earlier, RealtyTrac reported recently.
In March alone, lenders foreclosed on more than 340,000 properties, up 17 percent from February and up 46 percent…
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Apr 22, 2009
Making Home Affordable Web Site Debuts
The federal government launches a new Web site today: MakingHomeAffordable.gov
The site is geared to two main groups: homeowners whose homes have lost value and cannot refinance; and homeowners who are having trouble making mortgage payments because their loans have increased interest rates or…
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Mar 19, 2009
Foreclosures Increase 30 Percent Year Over Year In February
Foreclosure filings increased 30 percent in February, as compared with February 2008, according to RealtyTrac.
The increase of foreclosure filings, which includes default notices, auction sale notices and bank repossessions, occurred despite bans on foreclosures throughout various parts of the…
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Mar 16, 2009
Freddie Mac Shares At 42 Cents
Freddie Mac announced fourth quarter 2008 and full year results today, after the closing bell. It made me curious to see what was the company's current stock price. It closed at 42 cents a share today. It fell 2 cents to 40 cents a share in after hours trading.
If the company doesn't raise its share…
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Mar 11, 2009
Mortgage Lending Reform Testimony
Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve
Mortgage lending reform
Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services,
U.S House of Representatives, Washington, D.C.
March 11, 2009
Chairman Gutierrez…
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Mar 11, 2009
