2 Articles match "Alt-A","Countrywide"

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What's Causing the Credit Crunch?
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. Moreover, mortgage lenders have also begun raising interest rates or cutting off credit for other types of loans, including Alt-A loans, a grade between prime and subprime. Countrywide Financial Corp., 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. But they all agree
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Not Enough Rope in Administration's Lifeline' Program
Just a few short months ago President Bush stood in front of the press and swore that it was not the federal government’s job to bail out either lenders who made bad loans or speculative homebuyers who purchased more home than they could rightly afford utilizing the so-called “exotic” or “liar loans” popularized over the past few years. Last week Treasury Secretary Henry Paulson threw out what the administration considers to be a life preserver to homeowners facing foreclosure. In reality what they threw out is no more than a bread crumb. Called “Project Lifeline,” it
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • What's Causing the Credit Crunch?
    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. Moreover, mortgage lenders have also begun raising interest rates or cutting off credit for other types of loans, including Alt-A loans, a grade between prime and subprime. Countrywide Financial Corp., 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. But they all agree
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Not Enough Rope in Administration's Lifeline' Program
    Just a few short months ago President Bush stood in front of the press and swore that it was not the federal government’s job to bail out either lenders who made bad loans or speculative homebuyers who purchased more home than they could rightly afford utilizing the so-called “exotic” or “liar loans” popularized over the past few years. Last week Treasury Secretary Henry Paulson threw out what the administration considers to be a life preserver to homeowners facing foreclosure. In reality what they threw out is no more than a bread crumb. Called “Project Lifeline,” it
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE