4 Articles match "Company","Foreclose","Secondary Market"

The Latest from RealtyTrac MORE
The Government Goes After Loan Officers
In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. The Government Goes After Loan Officers By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
big chunk of the real estate market will close down. At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. In a typical case, local lenders originate mortgages and then sell those loans in the “secondary” market. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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National Registration For Loan Officers Becomes Reality
Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A The System will better identify bad actors and mitigate their migration from one state or company to another.” An Audit Trail One of the major questions concerning the new system relates to those unique identifiers. percent of Smith’s loans are foreclosed that could result in a high score. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
www.realtytrac.com - Tuesday, February 3, 2009
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  • What's Causing the Credit Crunch?
    Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. But the secondary market for mortgage-backed securities is essentially frozen, meaning that investors A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. But
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New York Versus Freddie Mac: Round One
    big chunk of the real estate market will close down. At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. In a typical case, local lenders originate mortgages and then sell those loans in the “secondary” market. New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • The Government Goes After Loan Officers
    In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. The Government Goes After Loan Officers By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • National Registration For Loan Officers Becomes Reality
    Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A The System will better identify bad actors and mitigate their migration from one state or company to another.” An Audit Trail One of the major questions concerning the new system relates to those unique identifiers. percent of Smith’s loans are foreclosed that could result in a high score. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE