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6 Articles match "Foreclose","Secondary Market"
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The Latest from RealtyTrac
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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
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
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 percent of Smith’s loans are foreclosed that could result in a high score. If Jenkins has a 5 percent foreclosure rate then his performance score might be so low that his loans could not be sold on the secondary market and Jenkins would likely be forced out of the business. 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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Jackson Takes a Final Bow at HUD
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. These “HUD homes,” like any homes that go back to a lender who forecloses, are a good potential pool of resources for investors and wannabe homebuyers looking to purchase bargain real estate. Posted 04-02-2008 9:00 AM by joelc Filed under: Foreclosure Trends , Real Estate Trend 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
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Big Ben Is Finally Talking Foreclosures
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. For now the inventory of foreclosed properties will grow for the foreseeable future, giving legitimate real estate investors, first-time homebuyers, and real estate professionals a golden opportunity to help fellow citizens out of desperate
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. 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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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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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 percent of Smith’s loans are foreclosed that could result in a high score. If Jenkins has a 5 percent foreclosure rate then his performance score might be so low that his loans could not be sold on the secondary market and Jenkins would likely be forced out of the business. 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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