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

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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.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. Stated income loans hurt everyone, the home buyer, The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made
www.realtytrac.com - Tuesday, February 3, 2009
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Big Ben Is Finally Talking Foreclosures
Declines in short-term interest rates and initiatives involving rate freezes will reduce the impact somewhat, but interest rate resets will nevertheless impose stress on many households,” Bernanke noted. Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress and signed by President Bush — and allowing Fannie Mae and Freddie Mac to purchase those loans and sell them on the secondary market would be highly beneficial to the economy, he noted. Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Big Ben Is Finally Talking Foreclosures
    Declines in short-term interest rates and initiatives involving rate freezes will reduce the impact somewhat, but interest rate resets will nevertheless impose stress on many households,” Bernanke noted. Bringing the lending limits of FHA originated loans to higher amounts — a measure enacted recently as part of the economic stimulus package passed by Congress and signed by President Bush — and allowing Fannie Mae and Freddie Mac to purchase those loans and sell them on the secondary market would be highly beneficial to the economy, he noted. Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    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.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. Stated income loans hurt everyone, the home buyer, The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE