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4 Articles match "Associated","Properties","Underwriter"
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The Latest from RealtyTrac
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Don't Dump Investors
Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. Long-term holders of real estate have commonly benefited from property prices which have increased faster over time than the rate of inflation, thus creating increased buying power and real wealth. According to the National Association of Realtors, the median price of an existing home rose from $124,800 in 1998 to $201,100 as of January 2008. Don’t Dump Investors By Peter G. Miller When it comes to bailing
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
Few mortgage loan officers or underwriters have been held responsible for mortgages that turned sour, in some measure because blame is often difficult to establish. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by
www.realtytrac.com
- Tuesday, February 3, 2009
No Mortgage Meltdown For These Banks
number of lenders have maintained traditional underwriting standards and mortgage offerings. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. 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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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. The dramatic shifts in market dynamics over the past several months have prompted
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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No Mortgage Meltdown For These Banks
number of lenders have maintained traditional underwriting standards and mortgage offerings. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. 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
Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. Long-term holders of real estate have commonly benefited from property prices which have increased faster over time than the rate of inflation, thus creating increased buying power and real wealth. According to the National Association of Realtors, the median price of an existing home rose from $124,800 in 1998 to $201,100 as of January 2008. Don’t Dump Investors By Peter G. Miller When it comes to bailing
www.realtytrac.com
- Tuesday, February 3, 2009
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The Government Goes After Loan Officers
Few mortgage loan officers or underwriters have been held responsible for mortgages that turned sour, in some measure because blame is often difficult to establish. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by
www.realtytrac.com
- Tuesday, February 3, 2009
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