May 31, 2011

posted by OLIVER WRIGHT ESQ. What is Mortgage Backed Securitization? Distilled down to the basics, a company (financial or non-financial Sponsor) securitizes mortgage assets when it: (1) pools a discrete group of cash flow producing assets with similar characteristics (usually financial institution originated, self-liquidating loans with similar terms,...

May 30, 2011

posted by Oliver Wright Esq. Though housing starts are slow just when they should be heating up seasonally, the foreclosure market is performing better than the market for all other homes, according to today’s DS Newws story on the RPX Housing Market Report. [pullquote]Investors believe they can purchase these properties at a significant discount to their...

May 19, 2011

Calculating a mortgage – Is it really important before taking out a mortgage loan by Robert Steven If you’re in the market for purchasing a new home, you must also be looking forward to taking out a home loan to finance your purchase. Before taking out a mortgage loan, it is imperative for the borrower to calculate a mortgage amount and check whether...

Apr 27, 2010

POSTED BY OLIVER WRIGHT ESQ. The ‘shadow inventory’ of homes includes all delinquent loans and real-estate owned (REO) property that has not reached the market. REO property are foreclosed homes taken back by the bank for liquidation. As for the total amount of homes in the shadow inventory, Amherst Securities places the total at 7m. The Royal Bank...

Nov 25, 2009

Banks had to buy back $7.1 billion in defaulted single-family loans in the third quarter to reimburse mortgage investors, up from $1.9 billion in the previous quarter. Federal Deposit Insurance Corp. Call Report information shows that most of the buyback demands fell on JPMorgan Chase and Bank of America. Chase repurchased $2.7 billion in defaulted loans and BoA...