2 Articles match "Electronic","Foreclose","Secondary Market"

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The Government Goes After Loan Officers
The overwhelming majority of mortgages are funded with money that travels with electronic speed across state and national borders. 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.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after The Government Goes After Loan Officers By Peter G. Miller    One of the most
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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  • 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
    The overwhelming majority of mortgages are funded with money that travels with electronic speed across state and national borders. 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.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after The Government Goes After Loan Officers By Peter G. Miller    One of the most
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE