5 Articles match "2006","Foreclose","Standards"

• The Best from RealtyTrac

  MORE

• Home Prices Fall Deeper Into the Abyss
  
  Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . Since August 2006 there has not been one month where we have seen overall price increases, as measured by the two Composites,” said David M. In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now, being taken on the descending
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• What's Causing the Credit Crunch?
  
  Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. 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. 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  For anyone who purchased a property from 2004 through 2006, that leaves them potentially facing the financial hardship that distresses many homeowners over the real possibility of foreclosure. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• The Government Goes After Loan Officers
  
  They have good reason to worry: Its easy to see how the SEC standard can be applied to many of the loans sold during the past few years. 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 Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• As Home Prices Plummet, When Will You Buy?
  
  percent from their peak in July 2006. "There Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE