accountThe self proclaimed “best kept secret in the mortgage industry”, at least in the mortgage net branch world,...
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ALT-A AND OPTION ARMS CRISIS
Many fail to realize that there are 3.7 million small businesses holding “toxic” mortgages in the form of alt-A and option ARMs. Alt-A mortgage is considered riskier than “prime” and less risky than “sub-prime,” with an interest rate between those two. An option ARM is an adjustable rate mortgage that offer low rates and payment for the first year, but will quickly increase in a bad economic climate. This topic covers the impending crisis that will result from these loans.
Alt-A and Option ARMs Crisis is part of Business Exchange, suggested by
Professor Samuel D. Bornstein.
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Great news for the mortgage marketplace today as conforming 30 year fixed mortgage rates dipped back under 5%.
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Not-quite-prime Alt-A loans will continue to perform poorly throughout 2009 as economy-wide payment shocks, such as job...
come up with more money as their businesses are sufferinga double whammy on a fragile economy. Borrowers with option...
Freddie Mac announced today that 95% of borrowers who refinanced a mortgage in the third quarter of 2009 refinanced to...
...fourth (2.4%) while serious delinquencies for Alt-A mortgages jumped...
More info about Option ARMs. Tagged: 60 minutes, housing collapse, mortgage, Option ARM, subprime...
WSJ: Defaults on a popular form of mortgage that gave home buyers a ... 750 billion of option adjustable-rate...
"Similarly, if a security is created that is largely filled with subprime or ‘Alt-A’ mortgages, is fraudulently...
those three categories increased by fewer than 14,000, reaching 1.65 million. The number of similarly troubled Alt-A...
Thousands of small companies in New York City are at risk of failure in the economic crisis. Here's how to help them.
30-year mortgage rates reached a four month low in Freddie Mac’s current Primary Mortgage Market Survey.
the financial crisis has been exacerbated by fearful banks suffering massive writedowns as a result of sophisticated...
Alt-A loans (also known a liar loans) are increasingly finding themselves in trouble. Initially, Alt ...
...they're also called "Alt-A loans" -- alternatives for people with A-level credit. Lenders, as a general...
Has anybody had any success obtaining a principle reduction with Countrywide in CA for a homeowner that has a Pay...
Lawmakers are mulling how to crack down on mortgage abuses by forcing banks and other lenders to keep a stake in the...
Dutch state takes on the risks of 80 percent of ING's 27.7 billion euro portfolio of Alt-A residential mortgage...
CDO auctions since the beginning of 2008, consisting of over 5,800 individual securities. Auctioned collateral includes...
for rushing to foreclose and not waiting for the soon-to-be-announced plan by the Treasury Department to buy up toxic...
Fourth Quarter Loss Reflects Recession Impacts of Higher Charge-Offs and Reserve-Building. While Capital and Liquidity...
/PRNewswire-FirstCall via COMTEX/ -- The news comes amidst a raft of announcements including Michel Tilmant stepping...
...abate foreclosures, and we are just about to begin a huge reset cycle for Alt-A’s and option-ARMs. ...
compensate 100,000 pension savers who lost money in its 'cash' fund - which was actually invested in toxic mortgage...
Top Sources: Alt-A and Option ARMs Crisis
- SeekingAlpha.com
- BusinessWeek
- SocketSite™
- Miscellanea 2.0
- pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator
- IEHI Feed: The Hedge Fund Implode-o-Meter
- CNBC
- crainsnewyork.com
- MarketWatch
- Reuters
