What is Total value of us mortgage market?
The total stock of mortgages outstanding in the US is about $10 trillion. However, the market value of these mortgages (whether still on banks' balance sheets or securitised and embedded in RMBS (Residential Mortgage Backed Securities)) is in reality lower by $1-1.2 trillion, due to the fact that U.S. homeowners can walk away from their mortgage leaving the lender with "no recourse". In other words, book mortgage value = about $10 trillion, while actual value is more likely $8.8 trillion to $9 trillion, due to losses on foreclosures. The total stock of mortgages outstanding in the US is about $10 trillion. However, the market value of these mortgages (whether still on banks' balance sheets or securitised and embedded in RMBS (Residential Mortgage Backed Securities)) is in reality lower by $1-1.2 trillion, due to the fact that U.S. homeowners can walk away from their mortgage leaving the lender with "no recourse". In other words, book mortgage value = about $10 trillion, while actual value is more likely $8.8 trillion to $9 trillion, due to losses on foreclosures.
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If your insurance company does not want to give you Fair Market Value for your totaled car is there anything you can do to make them pay FMV?
Insurance companies will not give you the book value for a vehicle, the will give you the market value. Which means they search the classifieds for the lowest value of the vehicle and discount it again in an effort to give you their lowest price. Sue the driver of the vehicle,this will put pressure …on the insurance company to come to an agreement with you. You can also contact the insurance bureau in your state, although I will admit it's very time consuming,you will get results. (MORE)
Can a person negotiate with an at-fault insurer to demand fair market value or full repairs for a totaled vehicle?
While it normally a tough thing to do, although there can be circumstances when the responsible party is amiable to it..and sometimes you can get a 3rd party involved to essentially get you there. The responsible party is only liable to pay for the cost of repairs up to the value of the vehicle.…..whether you want it fixed or not. They never have to pay more than the value of the car...that is the most you had to lose. However, if they pay you the amount of the repairs they have no interest in the car. But if it is totaled the paying party gets to own the wreck. So, if the wreck as a junk value that is more than the difference between the cost of repair and the full value of the car, they may be interested in paying you the (higher) full value and selling the car for the junk value, essentially costing them less. But, they also have to be interested in messing around with the whole thing more, which insurance companies generally aren't - every action and decision costs them more money. If you can make it easy for them, basically finding someone who will buy it from them, they may do what your asking. But once again, there isn't anything stopping you from doing exactly that...take the $ for the repair and sell the junk to the interested party...adding the 2 together may even get you more than full value! (MORE)
Answer . Usually the "bottom line" of a mortgage does not include interest. It does include closing costs and other costs involved with the mortgage, though usually not including home insurance or property tax estimates.
GSEs in the Mortgage Markets . \nGovernment sponsored enterprises (GSEs) in the mortgage market are the Federal Home Loan Mortgage Corporation ("Freddie Mac"), the Federal National Mortgage Association ("Fannie Mae") and the Government National Mortgage Association ("Ginnie Mae").\n. \nThe GSEs …facilitate liquidity in the mortgage markets by purchasing conforming mortgages from lenders, securitizing them, and onselling them into the secondary financial markets. \n. \nFreddie Mac and Fannie Mae are both privately owned corporations, with an implicit government guarantee. This means that if they become insolvent, the US Government is very likely to step in. Freddie Mac and Fannie Mae hold almost 20% of the mortgages in the market.\n. \nGinnie Mae is a wholly owned government enterprise, established in the late 1960's to facilitate home ownership by low to moderate income families. (MORE)
Answer . Technically, the at fault party is responsible for the resale value of the vehicle. If the owner has put after-market equipment on the vehicle that does not imcrease the value, no, the at fault party is not responsible, at least not in most states.
Answer . It's currently around 21 Trillion dollars, exceeding 20 trillion in 2006. In 2004 I believe it was around 19 Trillion. If you take the growth of housing prices from 1973 to 1997 and extent that curve to today, you'll get a housing value of 12.5 Trillion. Some therefore estimate that over… 8 trillion of the current housing value is non sustainable and is based upon prices being pushed up by lax lending standards (as wage push inflation would drive up prices).. dv (MORE)
It depends on your companies policy regarding distribution of 'salvage'. Some company policies (meaning their sops-standard operating procedures) are a set percent of the acv (actual cash value), hard to say the percent, I've seen some as low as 15% others as high as 33-1/3%, I have never seen it an…y higher (barring of course unusual circumstances). Most companies I know of, that use a percentage it is right around 20-25%. It also will depend on the extent of damage, we have what we refer to as a 'basket' or 'basket case' meaning the totaled vehicle is so badly damaged that the normal way to figure salvage value is not pertainent because it will only amount to scrap, (nothing really left to sell off and no chance at rebuilding), and these basket vehicles will be a minimal set amount (generally) either the tow and storage charges or 50-150 bucks or so. And to add even more confusion, if the acv is low, (the company I work for 2500.00 or less ) the salvage bid and buy back is a flat 150.00. Other company's as I previously mentioned will call for a bid or have a set amount. Nearly all insurance companies will have a contract with a particular salvage vendor regarding their total losses. Ask you adjuster what their procedure is, how they arrive at the salvage value of their totals. . If you want to have some 'give and take' with me about this, you can open this to 'discussion' to leave a message on my message board. I left one on yours regarding this...hope this helps some.... . One more thing, a large majority of insurance companies (including the one I work for) distribute their salvage thru the INSURANCE AUTO AUCTION. They have a web site, perhaps you could get some valueable information there....Again good luck, let me know if I can help anymore.. Answer . The companies I work/worked for (and any others I know about), the 'buy back' is the salvage bid or price or lower, never higher.. If the totaling company is wanting to charge you more than the salvage price or bid for your buy back, you need to file a complaint immediately with your states dept of insurance. What could be the possible reasoning behind charging you more to retain the salvage than they will knowingly get (generally per prior agreement)? I would be very interested in knowing what the difference is between the salvage bid and what they are offering you as a buy back. I'm fairly confident I could be of more help to you with more information. (MORE)
Answer . www.edmunds.com - Edmunds.com provides True Market ValueSM pricing, unbiased car reviews, ratings, and expert advice to help you get a fair deal. Nada.com Kbb.com Autotrader.com. Answer. You can make use of different cars classifieds online to compare used car values and pricing. …You can see every details that you would need such as features, description and add-ons. You can also request for the cars history. It should include the cars damage/crash history and maintenance/repair history. A well maintained car without damage almost doesn't change its used car value, while a car with upgrades increases the value a bit. (MORE)
$1.361 trillion f.o.b. (2007 est.) (export $1.121 trillion f.o.b. (2007 est.) import) hopei t helped you
If your mortgage exceeds the sale price of your property your will be subject to a "Mortgage Shortfall". If you are selling your property to move to another and the shortfall is less the 2% most high street lenders can arrange a loan for your replayment of the mortgage shortfall and will not preven…t you selling your property.. If the % of "Shortfall" is significant some lenders will insist in you taking a secured loan, or disallow the sale of your property until some of the shortfall is paid.. If you have mortgage shortfall, AND mortgage arrears it is unlikely any high street lender will allow you to sell the property and move to another. If your mortgage arrears exceed 3 months they may start repossession proceedings.. In most cases if individuals financial situation allows the most cost effective way of dealing with mortgage shortfall if you intend to move and do not have adverse credit is to find the cheapest unsecured loan for the minimun required by the lender to pay off a lump sum of the mortgage which will reduce or remove any shortfall your property currently has. (MORE)
ALL coins have the word Liberty on them, and in 1924 all denominations except the cent and nickel had a picture of Miss Liberty as well, so more information is needed. Please post a new question with the coin's denomination instead. If you can locate its mint mark, please include that detail as well…. (MORE)
Usually they said, they don't used KBB value estimated, and then how they calculate a fair price. NADA system is no at all exactly because has no many options that you can add to your car. What we have to do, to dealing with the Insurances shark's guys?
It's difficult to answer this question because the NYSE is made up of thousands (~3000) companies with some constantly going public or private (into and out of the NYSE). The rough total of the market at this time is $15 trillion. Source: http://money.howstuffworks.com/question241.htm
How do you get someone with dementia to make a new will and remove you as executrix and sole beneficiary They have high credit card debt a mortgage exceeding the value of the house on the market?
\n. \nSomeone with dementia is not capable of making a new will. When the testator eventually dies, you can decline to be appointed executor. The estate will be responsible for the debts. If the debts are greater than the assets the estate will be declared insolvent and the beneficiary will get no…thing. The bank will take possession of the real estate. You don't need to be "removed" as a sole beneficiary it creates no obligations on your part. (MORE)
Based on a 30 year mortgage with a 4.5% interest rate, you could afford a house that was worth $230,025
Although you can pay a lot for a fancy car, its market value will decrease with age. Winning a championship can raise the market value of a professional sports team. The company was still profitable, but competition had reduced its market value.
The Primary Mortgage is that relationship that exists between a lender and a potential borrower. on the other hand, the Secondary Mortgage Market is the relationship that exists after the loan is closed and the lender markets the collateral of that loan for sale to an investor.
In chapter 13 does the court consider the outstanding balance of the mortgage on an investment property as a secured debt even if the actual market value of the property is considerably less?
Yes a mortgage is pretty much the textbook example of a secured loan.. The amount that the property may fall short of paying off the mortgage becomes an unsecured debt, but that is only known after the sale of the security.
No you cannot.!. my experience was that we had to take the house off the market before we could get an appraisal and a new refinance of our mortgage.. also just fyi one party cannot get a mortgage on a second property either at that time. such as during a divorce. not until refinance is complete..… this was nebraska. (MORE)
Market value or Market capitalization is the total value of all the shares of that company at the current trading day. For example, if there are 100,000,000 shares of XYZ limited and each share is trading at $5 per share, then the total market value or market capitalization of the company is $500…,000,000/- (MORE)
Indexes only apply to adjustable rate mortgages (ARM). In order to determine your new interest rate on an ARM after the initial fixed rate period, the new rate is determined by adding your "base margin" (your ground zero of the loan normally 2.75%) to the current index your loan is attached to. Ther…e are several indexes out there - the most popular being the LIBOR index or US Treasury index. Your margin percentage is added to the index and rounded to the nearest 1/8 of one per cent which determines your new loan interest rate. So indexes are the moving percentages that are tied to Wall Street and the world markets that influence interest rates. (MORE)
If cosigner of loan dies what amount will be going through probate one half the mortgage loan the paid part or the unpaid part or the market value of the home?
The answer depends on how the co-owners held title. If the property was owned as joint tenants with the right of survivorship the decedent's interest passed to the survivor automatically and doesn't become a part of the decedent's estate at all. The survivor is responsible for paying the mortgage. I…f they owned as tenants in common the value (and disposition) of the real estate would need to be determined by the attorney who is handling the estate. (MORE)
On the mortgage documents is a list of the interest payments for each year. If they are by month, you add them up. You get the year's interest payments. When you fill out your income tax forms, you put mortgage interest in the proper blank. Then you follow directions. If you use a computer program, …it is even easier. (MORE)
The United States 1-cent Benjamin Franklin design of 1870 could be any of several different issues. Consult Scott's Specialized Catalog of United States Stamps & Covers. The 2006 Scott gives a range of values from $275.00 for the grilled issue of 1870 to $1.00 for the re-engraved issue of 1883. For …19th Century United States stamps, condition is everything. The highest catalog value 1-cent used Franklin in damaged condition is worth less than the least catalog value issue in perfect or spectacular condition (when color and depth of impression matter). Your best strategy is visit a local stamp dealer who knows condition and can pass judgment on an individual stamp within seconds. Ultimately, the value of any 19th Century United States stamp is exactly what someone will pay for your copy. The catalog values are ballparks. This stamp was a workhorse of its era. Regardless of the value, it is worth owning as an object with artistic merit and historic significance, a rare combination. (MORE)
In case the mortgage balance is substantially higher than the market value of a Florida Condo does it even make sense for an association to file a lien for unpaid dues?
It all depends. If the governing documents for the association and state law indicate that assessments -- you call them dues -- are automatically liens against the title, and have a priority position ahead of any mortgage lender, then filing a lien means that the unpaid assessments can be paid fi…rst from any proceeds of sale. (MORE)
$4,918,262,770,000 2007 US Census $100,904 (avg. principal owed) X 48,742,000 (owner occupied homes) Note: 24,885,000 owner occupied have no mortgages
Because money uses decimal values. The stock market used to divide the price of a share into by half, fourth, eighth, sixteenth of a dollar (or pound, presumably). A fourth of a dollar is 25 cents, but an eighth is 12 and a half cents. Since we never make a purchase of a half of a cent, it was …logical to use round cents. (MORE)
They will inspect the vehicle and then look at the value of it in the Kelly Blue Book or the National Auto Dealers Association guide to determine it's value. The insurer may also consider vehicles of like kind and quality to determine that which they are sellinf for. The insurer will compare the …value of the vehicle to the price necessary to repair it by getting estimate(s) from reputable auto repair shops and/or auto body shops. If it costs more to fix than the vehicle is worth they will total the car. The statutory law of many states require that an insurer total a car if the cost of repair exceeds a stated percentage of the actual cash value. (MORE)
A mortgage is generally used for the purchase or improvement of real property by prudent borrowers. However, in the United States home equity mortgages have become popular. Under a home equity mortgage, the owner is enticed to use the equity they have in their home as money to play, purchase luxur…ies or pay off credit cards. The real property is used to secure the equity mortgage. If the borrower defaults the property is taken by the lender by foreclosure. (MORE)
This market consists of investors who buy mortgages from primary lenders, such as banks and thrifts, so that the lenders can use that money to make new loans.
it is not subject to the state and federal regulation imposed to protect residential consumers. Commercial brokerage fees are often three or four times greater than residential mortgage commissions.
Yes, you can campare mortgage rates using the present value calculator. you can also check compound interest, present value, return rate / CAGR, annuity, present value of annuity, bond yield and retirement.
You can look on the internet to find the fair market value for trucks and other vehicles. You can also pick up a book listing the Fair market value in a store. Usually these are free.
Mortgage markets are typically sold between banks and hedge funds. Because they are thus so privatized, there is no formal market.
Are you able to take a reverse mortgage to use equity in the down payment of another home while the present home is on the market?
No. There are strict rules regarding reverse mortgages. You should check out a bridge loan. No. There are strict rules regarding reverse mortgages. You should check out a bridge loan. No. There are strict rules regarding reverse mortgages. You should check out a bridge loan. No. There are s…trict rules regarding reverse mortgages. You should check out a bridge loan. (MORE)
The value of a HOME, that has no mortgage has the same Real Estate market value as one which does have a MTG. The value is assessed by the market conditions at any given time. The most recent 30-90 day sold properties in the same subdivision with similar qualities would provide a current value to al…l the homes and not just those that are free and clear of a Mtg. An appraiser would give the same Real Estate value to a home with or without a Mortgage attached. (MORE)
It is hard to give a number estimate for any residential dwelling in USA. The fair market value of a dwelling varies from place to place. It usually consists of the location, neighborhood, and size of the house.
What if the market value is below the mortgage amount - would a deed in lieu of foreclosure still work?
That is up to the lender. You need to contact the lender. That is up to the lender. You need to contact the lender. That is up to the lender. You need to contact the lender. That is up to the lender. You need to contact the lender.
Advertising your services in the mortgage business will go a long way getting a marketing lead. Business cards, advertisements in telephone books and in newspapers will put your business in the public eye.
A mortgage loan officer may use postcards as advertisement. They can be mailed to numerous people and would make advertising a lot easier than handing out flyers of business cards.
The values you would need to calculate mortgage on a mortgage calculator is single sum value Fvn=s(1+c)n. Also payment size value is fvn=p[(1+c)n-1]/c.
Mortgage lending value refers to the absolute limit up to which a bank is allowed to grant loans. There is also mortgage lending value regulation which defines the mortgage lending value as a percentage of the value of a property. This is a conservative valuation which seeks to determine the long-te…rm lower limit of a property's value. (MORE)
It helps people by providing a variety of options that one can use while navigating through the mortgage market. This benefits the consumer by ensuring that one is getting the very best deal available to them.
The lowest fixed rate mortgage in the market is 2.99% in Canada, and if one goes for a five year fixed mortgage, it is only 2.75% in Canada. One can try to compare rate by going on the sites of various banks.
A purchase mortgage is a loan that someone may take out on a property for personal use. There are many options you can use and the best way to find out what works for you is to visit your local provider and talk about your options.
Mortgage Market Guides offer a wide variety of benefits. These guides contain content needed when refinancing a mortgage, or engaging in any mortgage related service.
The idea behind mortgage marketing postcards is to create an original, attention grabbing, clever postcard to be sent to thousands of people in the market for a home. This idea has made over 2 million dollars in sales last year.
The term 'second mortgage market' refers to all the people who have taken a second mortgage out on a property. This market has dramatically increased in size given the recent economic conditions in the housing market.
There are many sites that offer printer services for flyers. Some sites that offer mortgage marketing flyers include Print Firm, Lender Design, and Zazzle.
At any given moment, approximately 2.7 Trillion US dollars.* Only estimates are available, because values change, minute byminute. Many people make a lot of money guessing at this answer.