31 Articles match "Avoid","Homes","May"

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The Government Goes After Loan Officers
Now the immunity enjoyed by lenders may be at an end. new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. That said, whats plain is that the SEC has opened a new front in the mortgage responsibility debate. Interstate Commerce At first it may seem odd that mortgages are a federal matter since loans are secured by real estate and nothing is more local than dirt. The Government Goes After Loan Officers By Peter G. Miller    One of
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. The reason Hudson avoids government-backed loans is that such mortgages represent steep processing costs. It’s a financial instrument that may be right for some, but it wasn’t meant to be the mass merchandised product it became.” Higgins points out that “ING DIRECT has kept every loan it has originated. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially
www.realtytrac.com - Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. 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. In year one the GSEs would lose one-third of their ability to avoid state taxes. Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for
www.realtytrac.com - Tuesday, February 3, 2009
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