1 Articles match "Cleveland","May","Points"

The Latest from RealtyTrac MORE
New York Versus Freddie Mac: Round One
An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Brad German, the chief spokesman for Freddie Mac, said the new law lays out 20 specific requirements that brokers and lenders must adhere to when making new loans. “If any of the requirements aren’t followed,” says German, “the investor becomes liable and the borrower can use the omission to defend against a foreclosure in court which means our ability to manage risk and legal liability depends on lender/broker actions that we are not in
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
  • The Best from RealtyTrac MORE
  • New York Versus Freddie Mac: Round One
    An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Brad German, the chief spokesman for Freddie Mac, said the new law lays out 20 specific requirements that brokers and lenders must adhere to when making new loans. “If any of the requirements aren’t followed,” says German, “the investor becomes liable and the borrower can use the omission to defend against a foreclosure in court which means our ability to manage risk and legal liability depends on lender/broker actions that we are not in
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE