3 Articles match "Foreclose","Houses","Secondary Market"

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What's Causing the Credit Crunch?
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. In the last year, dozens of mortgage lenders have collapsed as foreclosures have soared on loans made to people with poor credit during the housing boom. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Big Ben Is Finally Talking Foreclosures
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. At the national
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Jackson Takes a Final Bow at HUD
Department of Housing and Urban Development. One of the biggest projects Jackson was working on with HUD was the modernization of the Federal Housing Administration (FHA), an agency that insures home loans for approved lenders against borrower default. This project allows for a greater number of mortgages at higher loan limits to be sold on the secondary market, providing FHA insured loans to potential home buyers in more costly areas of the country. He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • What's Causing the Credit Crunch?
    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. In the last year, dozens of mortgage lenders have collapsed as foreclosures have soared on loans made to people with poor credit during the housing boom. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Jackson Takes a Final Bow at HUD
    Department of Housing and Urban Development. One of the biggest projects Jackson was working on with HUD was the modernization of the Federal Housing Administration (FHA), an agency that insures home loans for approved lenders against borrower default. This project allows for a greater number of mortgages at higher loan limits to be sold on the secondary market, providing FHA insured loans to potential home buyers in more costly areas of the country. He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Big Ben Is Finally Talking Foreclosures
    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. At the national
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE