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5 Articles match "Associated","Underwriter"
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The Latest from RealtyTrac
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Don't Dump Investors
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. They would not make such loans if they produced ongoing losses, and they surely would not originate such mortgages without proper underwriting and appraisals. According to the National Association of Realtors, existing home values in January 2008 were down 4.6 Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock
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? percent of all loans outstanding according to the Mortgage Bankers Association. No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
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Dis-ARMament Aimed to Curb Foreclosures
The new Federal guidelines contain disclosure and underwriting provisions that could mean fewer buyers will qualify for such nontraditional loans. These loans are what many in the banking and real estate industries say have helped home buyers get into their first home or purchase more home than they otherwise could afford using more conventional mortgage products. The National Association of Realtors (NAR) lauded the new consumer education efforts put forth by the government, but cautioned regulators not to restrict innovation in the mortgage lending sector. Concerned about the fallout from rising mortgage delinquency rates and foreclosures around the country, the federal government recently stepped into the fray, issuing new tighter guidelines aimed at dealing with so-called “exotic” adjustable-rate mortgages.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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? percent of all loans outstanding according to the Mortgage Bankers Association. No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
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Don't Dump Investors
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. They would not make such loans if they produced ongoing losses, and they surely would not originate such mortgages without proper underwriting and appraisals. According to the National Association of Realtors, existing home values in January 2008 were down 4.6 Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock
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
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