2 Articles match "Countrywide","Maine","Real Estate"

The Latest from RealtyTrac MORE
Subprime meltdown means jump in foreclosures
subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. As the lenders brace for more trouble, even solvent lenders — including Ameriquest, Countrywide, Novastar and H&R Block’s Option One Mortgage — are feeling the pain from rising loan defaults made to people with spotty credit. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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. Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Subprime meltdown means jump in foreclosures
    subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. As the lenders brace for more trouble, even solvent lenders — including Ameriquest, Countrywide, Novastar and H&R Block’s Option One Mortgage — are feeling the pain from rising loan defaults made to people with spotty credit. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE