11 Articles match "2008","Maine"

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• Will Main Street Sink Wall Street?
  
  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, the rapid expansion of risky subprime lending has linked the fortunes of Wall Street to the fortunes of Main Street. 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. Two Bear Stearns
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Investment Banks Shoulder Bigger Share of REO Burden
  
  The bullish stock market began showing some cracks in the foundation in late July as fresh evidence revealed that real estate woes on Main Street are inflicting a bigger-than-expected toll their lender
  RealtyTrac Article Library - Wednesday, January 9, 2008
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• Investment Banks Shoulder Bigger Share of REO Burden
  
  The bullish stock market began showing some cracks in the foundation in late July as fresh evidence revealed that real estate woes on Main Street are inflicting a bigger-than-expected toll their lender
  RealtyTrac Article Library - Wednesday, January 9, 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. 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 form of a foreclosure moratorium at the time.
  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 to clamp down
  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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• 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. 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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• Gentle January Foreclosure Increase
  
  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. 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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• 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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