5 Articles match "Company","Secondary Market"

• The Best from RealtyTrac

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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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• No Mortgage Meltdown For These Banks
  
  Unlike virtually every other mortgage lender, Hudson doesn’t make option ARMs, doesn’t sell loans in the secondary market and doesn’t offer credit cards. As company Chairman, President, and CEO Ronald E. 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
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• New York Versus Freddie Mac: Round One
  
  big chunk of the real estate market will close down. In a typical case, local lenders originate mortgages and then sell those loans in the “secondary” market. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. Had the new law been on the books last year, it would have affected 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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• 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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• National Registration For Loan Officers Becomes Reality
  
  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. If Jenkins has a 5 percent foreclosure rate then his performance score might be so low that his loans could not be sold on the secondary market and Jenkins would likely be forced out of the business. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your
  www.realtytrac.com - Tuesday, February 3, 2009
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