5 Articles match "Homes","Number of","Secondary Market"

• The Best from RealtyTrac

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• What's Causing the Credit Crunch?
  
  Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. Moreover, mortgage lenders have also begun raising interest rates or cutting off credit for other types of loans, including Alt-A loans, a grade between prime and subprime. 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,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Jackson Takes a Final Bow at HUD
  
  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. After that, Alphonso Jackson will probably be looking for something a little less in the public eye…at least for a while. Jackson gave notice on Monday of his intention to step down as secretary of the U.S. Department of Housing and Urban Development. The official press conference came in the afternoon. However, like on so many occasions the press got wind of the announcement before it happened and started writing about it ahead of time.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• No Mortgage Meltdown For These Banks
  
  Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. number of lenders have maintained traditional underwriting standards and mortgage offerings. Saccacio, chief executive officer at the country’s largest provider of foreclosure data and listings, RealtyTrac.com . “Instead, No Mortgage Meltdown For These Banks By Peter G. Famous lenders with once-fabulous finances are turning up in the headlines among the broke and busted.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Big Ben Is Finally Talking Foreclosures
  
  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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• The Government Goes After Loan Officers
  
  Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made bad loans also made big profits, profits which they get to keep while everyday wage earners and investors are bruised and battered by economic upheavals. A lot of people are wondering: Do those who made toxic loans have any responsibility? The Government Goes After Loan Officers By Peter G. If so, how can they be made to pay?
  www.realtytrac.com - Tuesday, February 3, 2009
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