5 Articles match "Foreclose","Lending","Secondary Market"

• The Best from RealtyTrac

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• What's Causing the Credit Crunch?
  
  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. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. 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. Wall Street analysts, main street investors, corporate executives
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Big Ben Is Finally Talking Foreclosures
  
  The fact that refinancing is out of the question for many distressed homeowners now that lending standards have been tightened all over the country. 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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• 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. After all, if investors have something to lose they will surely insist on stronger lending practices and thus borrowers will get a better deal. 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.” For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. In August 2006, Steven Krystofiak, President of the 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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• National Registration For Loan Officers Becomes Reality
  
  Seen another way, the new law makes mortgage lending more transparent, something which will reduce foreclosure rates, cut lender losses and make mortgages more enticing to investors worldwide. “Across the country we carefully license real estate brokers, lawyers and doctors,” says James J. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
  www.realtytrac.com - Tuesday, February 3, 2009
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