2 Articles match "2006","Foreclose","Secondary Market"

The Latest from RealtyTrac MORE
The Government Goes After Loan Officers
In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. In August 2006, Steven Krystofiak, President of the The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
What's Causing the Credit Crunch?
Between 2000 and 2006, defaults remained low because home prices were rising, interest rates were at historic lows and borrowers who fell behind on payments were able to simply refinance their mortgages — or sell their home for a profit. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • What's Causing the Credit Crunch?
    Between 2000 and 2006, defaults remained low because home prices were rising, interest rates were at historic lows and borrowers who fell behind on payments were able to simply refinance their mortgages — or sell their home for a profit. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • The Government Goes After Loan Officers
    In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. In August 2006, Steven Krystofiak, President of the The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE