3 Articles match "Book","New York","Real Estate"

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Don't Dump Investors
It appears everywhere and is never challenged, as if real estate investors are somehow disposable players in the foreclosure mess. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. However, none of these efforts are a silver bullet that will undo the excesses of the past years, nor are they designed to bail out real estate speculators or those who committed fraud during the mortgage process. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks,
www.realtytrac.com - Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. As one example, 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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New York Versus Freddie Mac: Round One
New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens next:
www.realtytrac.com - Tuesday, February 3, 2009
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  • New York Versus Freddie Mac: Round One
    New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens next:
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Don't Dump Investors
    It appears everywhere and is never challenged, as if real estate investors are somehow disposable players in the foreclosure mess. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. However, none of these efforts are a silver bullet that will undo the excesses of the past years, nor are they designed to bail out real estate speculators or those who committed fraud during the mortgage process. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks,
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. As one example, 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
    READ MORE