1 Articles match "Cleveland","Originate","September"

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New York Versus Freddie Mac: Round One
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. Most importantly in the eyes of Freddie Mac and other weary mortgage buyers are provisions in the law which say that mortgage investors — not just loan officers or local lenders — are liable for improperly originated loans. New York Versus Freddie Mac: Round One By Peter G. Miller    
www.realtytrac.com - Tuesday, February 3, 2009
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  • New York Versus Freddie Mac: Round One
    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. Most importantly in the eyes of Freddie Mac and other weary mortgage buyers are provisions in the law which say that mortgage investors — not just loan officers or local lenders — are liable for improperly originated loans. New York Versus Freddie Mac: Round One By Peter G. Miller    
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE