5 Articles match "Bankruptcy","Reform","Washington"

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No Mortgage Meltdown For These Banks
As Hermance points out, “we make loans we’re willing to live with.” The performance at Hudson has not gone unnoticed: The stock is up 1,100 percent since the company went public ten years ago. ING DIRECT In 2005 the federal government moved to tighten bankruptcy rules in a way that would make debt forgiveness difficult if not impossible. At the time of that debate virtually all banks, credit card companies, student loan lenders, car financing firms and related businesses stridently supported bankruptcy “reform” — but one notable exception was ING DIRECT. No Mortgage Meltdown For These Banks By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Can "Appreciation Sharing" Solve The Mortgage Mess?
The hook is this: Under the FHA reform measure borrowers and lenders who take advantage of the HOPE for Homeowners program will face stiff fees and big costs. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the past few months there has been a huge debate in Washington regarding how to assist those with toxic loans, assuming they should get any assistance at all. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Schumer (D-NY) chaired the Joint Economic Committee in Washington, DC, on the topic, "Sheltering Neighborhoods from the Subprime Foreclosure Storm." Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently
www.realtytrac.com - Tuesday, February 3, 2009
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  • Will Loan Modifications Change With Washington?
    It's a new year in official Washington with a new Congress, a new President and a new chance for bankruptcy reform, reform which will center on the issue of what to do about unpaid mortgage
    RealtyTrac Article Library - Wednesday, January 28, 2009
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  • Will Loan Modifications Change With Washington?
    It's a new year in official Washington with a new Congress, a new President and a new chance for bankruptcy reform, reform which will center on the issue of what to do about unpaid mortgage
    RealtyTrac Article Library - Wednesday, January 28, 2009
    READ MORE
  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
    Schumer (D-NY) chaired the Joint Economic Committee in Washington, DC, on the topic, "Sheltering Neighborhoods from the Subprime Foreclosure Storm." Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Can "Appreciation Sharing" Solve The Mortgage Mess?
    The hook is this: Under the FHA reform measure borrowers and lenders who take advantage of the HOPE for Homeowners program will face stiff fees and big costs. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the past few months there has been a huge debate in Washington regarding how to assist those with toxic loans, assuming they should get any assistance at all. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    As Hermance points out, “we make loans we’re willing to live with.” The performance at Hudson has not gone unnoticed: The stock is up 1,100 percent since the company went public ten years ago. ING DIRECT In 2005 the federal government moved to tighten bankruptcy rules in a way that would make debt forgiveness difficult if not impossible. At the time of that debate virtually all banks, credit card companies, student loan lenders, car financing firms and related businesses stridently supported bankruptcy “reform” — but one notable exception was ING DIRECT. No Mortgage Meltdown For These Banks By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE