7 Articles match "2008","Government","Maine"

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As Home Prices Plummet, When Will You Buy?
We sold a condo and bought a single-family home.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Will Main Street Sink Wall Street?
While it is unlikely to bring down the savvy Wall Street firm, the firm may become a potential target for government regulators, class-action lawsuits and expose the investment bank to a hostile takeover. Fear and anxiety could trigger a massive sell-off, exposing other Wall Street financial institutions to the same excesses of America’s housing bubble on Main Street. Ironically, Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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What's Causing the Credit Crunch?
Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Given the fragile state of the economy the government needs to step in and stabilize the rattled financial markets. 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. But they all agree on one thing — the mortgage meltdown is far from over.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Will Main Street Sink Wall Street?
    While it is unlikely to bring down the savvy Wall Street firm, the firm may become a potential target for government regulators, class-action lawsuits and expose the investment bank to a hostile takeover. Fear and anxiety could trigger a massive sell-off, exposing other Wall Street financial institutions to the same excesses of America’s housing bubble on Main Street. Ironically, Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures and Hurricanes: A Nasty Combo
    residents from Texas to Maine. reported a rise in homeowner vacancies for the first quarter of 2008 from the previous quarter and the same quarter a year ago. Some governments already have legislation in the works to charge lenders a registration fee for every REO they own, as well as impose penalties for not maintaining the properties while under their ownership. The fallout that followed in the aftermath of Hurricane Katrina in 2005 left many Gulf Coast residents homeless or facing foreclosure — or both. Temporary relief from the devastation was granted in the
    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. Yearning to retake the GOP-controlled White House next year, the Democrats are clamoring for the federal government to do something, anything, to contain the crisis. The Republicans, on the other hand, are opposed to a government 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
    With government officials at the local, state and federal levels clamoring to clamp down on the nation’s financial institutions and other loan originators, plus the recent bailout of Bear Stearns by the Federal Reserve after the Wall Street giant became so heavily invested in subprime backed mortgage securities, it was just a matter of time before the Federal National Mortgage Association (better known as Fannie Mae ) did something to tighten the reins as well. Well, this past Monday it finally did. As one of the two main Government Sponsored Enterprises (GSEs) in this country — the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Gentle January Foreclosure Increase
    Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove to be a violent thunderstorm. But my main point was that the 8 percent monthly increase was low compared to the last two January monthly percentage increases (2007 and 2006), both of which were double-digit.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • What's Causing the Credit Crunch?
    Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Given the fragile state of the economy the government needs to step in and stabilize the rattled financial markets. 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. But they all agree on one thing — the mortgage meltdown is far from over.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    We sold a condo and bought a single-family home.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE