3 Articles match "2008","Freddie Mac","Maine"

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Subprime meltdown means jump in foreclosures
subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. 27, as Freddie Mac, one of the largest buyers of mortgages, tightened its lending standards and said it would no longer buy high-risk home mortgages that it deems to be highly vulnerable to foreclosure. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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As Foreclosures Mount, Candidates React to the Credit Crisis
With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Fannie Mae Toughens Foreclosure Guidelines
As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. Effective June 1, 2008, Fannie will require a potential borrower’s credit history to be free from any foreclosure activity for five years before it will consider buying a mortgage taken out by that borrower. It was bound to happen. With government officials at the local, state and federal levels clamoring
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Subprime meltdown means jump in foreclosures
    subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. 27, as Freddie Mac, one of the largest buyers of mortgages, tightened its lending standards and said it would no longer buy high-risk home mortgages that it deems to be highly vulnerable to foreclosure. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Fannie Mae Toughens Foreclosure Guidelines
    As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. Effective June 1, 2008, Fannie will require a potential borrower’s credit history to be free from any foreclosure activity for five years before it will consider buying a mortgage taken out by that borrower. It was bound to happen. With government officials at the local, state and federal levels clamoring
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Foreclosures Mount, Candidates React to the Credit Crisis
    With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE