4 Articles match "2008","Foreclose","Secondary Market"

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National Registration For Loan Officers Becomes Reality
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 , part of the FHA reform bill, sets in place national standards for mortgage loan officers. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A percent of Smith’s loans are foreclosed that could result in a high score. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
www.realtytrac.com - Tuesday, February 3, 2009
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What's Causing the Credit Crunch?
Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. But the secondary market for mortgage-backed securities is essentially frozen, meaning that investors are unwilling to buy up mortgage debt at all. The growing turmoil in the credit markets could hurt the earnings and financial conditions of mortgage lenders like Countrywide. 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,
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Big Ben Is Finally Talking Foreclosures
million subprime loans (or approximately 40 percent of the outstanding stock of subprimes) were going to reset in 2008 from just above 8 percent to about 9.25 Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress and signed by President Bush — and allowing Fannie Mae and Freddie Mac to purchase those loans and sell them on the secondary market would be highly beneficial to the economy, he noted. Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • What's Causing the Credit Crunch?
    Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. But the secondary market for mortgage-backed securities is essentially frozen, meaning that investors are unwilling to buy up mortgage debt at all. The growing turmoil in the credit markets could hurt the earnings and financial conditions of mortgage lenders like Countrywide. 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,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Jackson Takes a Final Bow at HUD
    This project allows for a greater number of mortgages at higher loan limits to be sold on the secondary market, providing FHA insured loans to potential home buyers in more costly areas of the country. These “HUD homes,” like any homes that go back to a lender who forecloses, are a good potential pool of resources for investors and wannabe homebuyers looking to purchase bargain real estate. Posted 04-02-2008 9:00 AM by joelc Filed under: Foreclosure Trends , Real Estate Trend He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Big Ben Is Finally Talking Foreclosures
    million subprime loans (or approximately 40 percent of the outstanding stock of subprimes) were going to reset in 2008 from just above 8 percent to about 9.25 Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress and signed by President Bush — and allowing Fannie Mae and Freddie Mac to purchase those loans and sell them on the secondary market would be highly beneficial to the economy, he noted. Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • National Registration For Loan Officers Becomes Reality
    The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 , part of the FHA reform bill, sets in place national standards for mortgage loan officers. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A percent of Smith’s loans are foreclosed that could result in a high score. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE