Tag Archives: Reset

Option-Arm Foreclosure Rate Now Higher Than Subprime

Posted on April 1, 2011 by irvinerenter

What are the prospects for curing these loans? Most bulls assume cure rates of 85% or better will mop up this mess. With less than a quarter of loans curing, foreclosure is the most likely outcome for shadow inventory even if cure rates continue to improve. Distressed inventory will be with us for a long time. Continue reading →

Posted in Foreclosures and Short Sales, Fresh Perspectives | Tagged Foreclosures, Mortgage Delinquency Rates, Option-Arm Loans, Recast, Reset, Subprime Loans | Leave a comment

Government Subsidies Diminish Home Ownership

Posted on July 26, 2010 by irvinerenter

We have managed to obtain the opposite of what we desire, and we are paying a huge amount of money to do so. We would be better off to do nothing. The money we spend as a society to encourage home ownership actually diminishes it. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Industry & Technology, Mortgage News | Tagged Alt-A Loans, Debt-to-Income, Fannie Mae, Freddie Mac, GSEs, Home Equity, homedebtors, Interest-Only Loans, NAR, Negative Amortization, Option-Arm Loans, Ponzi Scheme, Recast, Renting, Reset, Subprime Loans, The American Dream | 2 Comments

Adjustable Rate Mortgage Resets Foretell Major Problems in California’s Housing Market

Posted on March 8, 2010 by irvinerenter

This article originally appear on the Irvine Housing Blog The ARM Problem has not gone away. Today we examine an updated ARM reset schedule and consider its impact on our local housing market. it’s time for me to get away from here just … Continue reading →

Posted in Best Of The Storm, Home Economics | Tagged Adjustable Loans, Interest-Only Loans, Option-Arm Loans, Prime Loans, Recast, Reset, Shadow Inventory, Subprime Loans | Leave a comment