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Mortgage Reform Moves Ahead in Washington
The changing tone in Washington can be seen with a 49-21 vote by the House Financial Services Committee on April 2 While huge banks may be too big to fail they're no longer too big to regulate.
RealtyTrac Article Library
- Thursday, April 30, 2009
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Mortgage Reform Moves Ahead in Washington
The changing tone in Washington can be seen with a 49-21 vote by the House Financial Services Committee on April 2 While huge banks may be too big to fail they're no longer too big to regulate.
RealtyTrac Article Library
- Thursday, April 30, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Schumer (D-NY) chaired the Joint Economic Committee in Washington, DC, on the topic, "Sheltering Neighborhoods from the Subprime Foreclosure Storm." Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently
www.realtytrac.com
- Tuesday, February 3, 2009
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Can "Appreciation Sharing" Solve The Mortgage Mess?
The just-passed Housing and Economic Recovery Act includes provisions that will help some 400,000 families replace toxic loans with FHA financing. The hook is this: Under the FHA reform measure borrowers and lenders who take advantage of the HOPE for Homeowners program will face stiff fees and big costs. But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller We’re about to see something new
www.realtytrac.com
- Tuesday, February 3, 2009
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As Foreclosures Mount, Candidates React to the Credit Crisis
Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures. Yearning to retake the GOP-controlled White House next year, the Democrats are clamoring for the federal government to do something, anything, to contain the crisis. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
www.foreclosurepulse.com
- Tuesday, December 16, 2008