23 Articles match "2009","Sales","Stop"

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Regulators Shut Down Banks in Five States
High-End Homes Frozen Out of Budding Housing Rebound Wall Street Journal Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper...( read more
Foreclosure Pulse - Monday, August 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. As UBS analysts point out, because Fannies and Freddies subordinated debt is used when they calculate capital -- the financial cushion regulators require to support the companies operations -- interest payments on the debt may have to stop if a bailout occurs.
www.realtytrac.com - Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. What makes the New York law different is that it effectively sets aside the holder-in-due-course rule by saying that if the original lender or an assignee — someone who has gained ownership of the loan — tries to foreclose then any violation of the new law can be used to stop the foreclosure. The threat to investors from the new law is plain: If a loan owner cannot readily foreclose then there’s no way New York Versus Freddie Mac: Round One By Peter G. Miller  
www.realtytrac.com - Tuesday, February 3, 2009
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