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3 Articles match "Freddie Mac","Homes","Maine"
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The Latest from RealtyTrac
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Subprime meltdown means jump in foreclosures
subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected. reported big losses from loan defaults due to sagging Panic is spreading in the U.S. Growing trouble in the subprime mortgage industry could not come at a worse time for the battered housing sector, which has been in a yearlong tailspin of stagnant sales, rising inventories,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
As Foreclosures Mount, Candidates React to the Credit Crisis
Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Here’s what the major presidential candidates have to say about the growing foreclosure epidemic: Democrats The three main Democratic presidential candidates — Clinton, Obama and Edwards —have made various proposals for modest reform, including setting up a federal fund to help homeowners fend off foreclosure and providing borrowers with counseling, along with laws to
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Fannie Mae Toughens Foreclosure Guidelines
As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. And one of the most dramatic changes that will relieve some the tension in those big shoulders has to do with former homeowners who lost their homes to foreclosure. It was bound to happen. With government officials at the local, state and federal levels clamoring to clamp down on the nation’s financial institutions
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Subprime meltdown means jump in foreclosures
subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected. reported big losses from loan defaults due to sagging Panic is spreading in the U.S. Growing trouble in the subprime mortgage industry could not come at a worse time for the battered housing sector, which has been in a yearlong tailspin of stagnant sales, rising inventories,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fannie Mae Toughens Foreclosure Guidelines
As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. And one of the most dramatic changes that will relieve some the tension in those big shoulders has to do with former homeowners who lost their homes to foreclosure. It was bound to happen. With government officials at the local, state and federal levels clamoring to clamp down on the nation’s financial institutions
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
As Foreclosures Mount, Candidates React to the Credit Crisis
Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Here’s what the major presidential candidates have to say about the growing foreclosure epidemic: Democrats The three main Democratic presidential candidates — Clinton, Obama and Edwards —have made various proposals for modest reform, including setting up a federal fund to help homeowners fend off foreclosure and providing borrowers with counseling, along with laws to
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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