4 Articles match "2007","2009","New York"

The Latest from RealtyTrac MORE
Don't Dump Investors
See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Introducing the Hope Now program in 2007, President Bush said “weve got a role, the government has got a role to play — but it is limited. The Census Bureau says that at the end of 2007 there were 128 million housing units in the U.S. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity.
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
No Mortgage Meltdown For These Banks
Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. The Hudson No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
Long-Term Solution for Fannie and Freddie Dilemma
The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. If the two GSEs are further harmed, the banking system itself will face additional financial threats. "The potential effects of a rescue become more complex for the holders of Fannies and Freddies $19 billion in subordinated debt, so-called because it ranks below other bonds in the companies capital structures," says
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
  • The Best from RealtyTrac MORE
  • High-End Foreclosures Rising Among Top Tier Homes
    High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Don't Dump Investors
    See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Introducing the Hope Now program in 2007, President Bush said “weve got a role, the government has got a role to play — but it is limited. The Census Bureau says that at the end of 2007 there were 128 million housing units in the U.S. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Long-Term Solution for Fannie and Freddie Dilemma
    The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. If the two GSEs are further harmed, the banking system itself will face additional financial threats. "The potential effects of a rescue become more complex for the holders of Fannies and Freddies $19 billion in subordinated debt, so-called because it ranks below other bonds in the companies capital structures," says
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. The Hudson No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE