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

• 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
  
  On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. big chunk of the real estate market will close down. At the heart of the dispute 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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• National Registration For Loan Officers Becomes Reality
  
  The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 , part of the FHA reform bill, sets in place national standards for mortgage loan officers. Saccacio, chief executive officer at RealtyTrac.com , the nation’s largest source of foreclose listings and data. “A More investor activity holds down interest rates, and thats good for anyone who wants to finance or refinance a home.” Licensing Standards 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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• 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.” They have good reason to worry: Its easy to see how the SEC standard can be applied to many of the loans sold during the past few years. For example, the SEC could limit its investigation 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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