6 Articles match "2009","Credit","New York"

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• New York Versus Freddie Mac: Round One
  
  New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens next:
  www.realtytrac.com - Tuesday, February 3, 2009
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• Fight in Congress Looms on Tax Break for Home Buyers
  
  Fight in Congress Looms on Tax Break for Home Buyers The New York Times DALLAS — When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming...( read more
  Foreclosure Pulse - Wednesday, September 16, 2009
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• 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. But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction
  www.realtytrac.com - Tuesday, February 3, 2009
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• Long-Term Solution for Fannie and Freddie Dilemma
  
  billion direct line of credit with the U.S. 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 you believe in free markets and fair competition, the GSEs are a poke in the eye. "As long as Fannie and Freddies debt is backed by the full faith and credit of the U.S. Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller 
  www.realtytrac.com - Tuesday, February 3, 2009
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• No Mortgage Meltdown For These Banks
  
  Unlike virtually every other mortgage lender, Hudson doesn’t make option ARMs, doesn’t sell loans in the secondary market and doesn’t offer credit cards. told me, Hudson is really a “spread lender” that’s interested in two things: efficiency and credit quality. 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 No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in
  www.realtytrac.com - Tuesday, February 3, 2009
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• Don't Dump Investors
  
  See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Theres no shortage of seminars, books and tapes which explain in glowing detail how you too can become rich with real estate, even if you lack experience, cash or credit. 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
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