5 Articles match "Company","Insurance","New York"

• The Best from RealtyTrac

  MORE

• 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
• Fed's Latest Moves No Real Surprise
  
  Later in the day the Fed made what had to be a highly anticipated move by the nation’s financial gurus, deciding to bailout AIG at the 11th hour before the world’s largest insurance company went bankrupt. rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Long-Term Solution for Fannie and Freddie Dilemma
  
  Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are profit-seeking "companies" in the sense of shareholders and being in business but they are also GSEs -- government-sponsored enterprises, companies started by the federal government and companies endowed with huge competitive advantages: They do not pay state income taxes, they each have a $2.25 Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• No Mortgage Meltdown For These Banks
  
  As company Chairman, President, and CEO Ronald E. 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. Hermance explains that company incentives are related to credit quality and not stock prices. 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
• Don't Dump Investors
  
  Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Government policies encourage the purchase of investment real estate by allowing investors to depreciate property over time; engage Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE