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4 Articles match "Foreclose","Sales","Secondary Market"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. 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. 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
National Registration For Loan Officers Becomes Reality
Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A The sale of residential mortgages allows local lenders to have fresh capital which can then be used to originate more loans. percent of Smith’s loans are foreclosed that could result in a high score. 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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What's Causing the Credit Crunch?
Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. But the secondary market for mortgage-backed securities is essentially frozen, meaning that investors are unwilling to buy up mortgage debt at all. The growing turmoil in the credit markets could hurt the earnings and financial conditions of mortgage lenders like Countrywide. 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,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. 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. 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
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
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National Registration For Loan Officers Becomes Reality
Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A The sale of residential mortgages allows local lenders to have fresh capital which can then be used to originate more loans. percent of Smith’s loans are foreclosed that could result in a high score. 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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