2 Articles match "Book","Example","Washington"

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No Mortgage Meltdown For These Banks
As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. In a remarkable advocacy ad in The Washington Post , ING said “we believe that lending institutions should share responsibility with the people to whom they lend. As Higgins explains, you can’t focus on near-term profitability when loans stay on your books for years. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good,
www.realtytrac.com - Tuesday, February 3, 2009
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Wachovia Changes The Lending Game
If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. This new prepayment policy, said Laurent Bossard, WMC’s chief executive officer, “provides borrowers with enhanced flexibility to avoid prepayment fees.” “Just as in the case with WMC, the Wachovia initiative will change the mortgage debate in Washington,” added RealtyTrac’s Saccacio.
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Wachovia Changes The Lending Game
    If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. This new prepayment policy, said Laurent Bossard, WMC’s chief executive officer, “provides borrowers with enhanced flexibility to avoid prepayment fees.” “Just as in the case with WMC, the Wachovia initiative will change the mortgage debate in Washington,” added RealtyTrac’s Saccacio.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. In a remarkable advocacy ad in The Washington Post , ING said “we believe that lending institutions should share responsibility with the people to whom they lend. As Higgins explains, you can’t focus on near-term profitability when loans stay on your books for years. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good,
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE