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45 Articles match "Lending","Mortgage"
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The Latest from RealtyTrac
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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. Few mortgage loan officers or underwriters have been held responsible for mortgages that turned sour, in some measure because blame is often difficult to establish. The Government Goes After Loan Officers By Peter G. A lot of people are wondering: Do those who made toxic loans
www.realtytrac.com
- Tuesday, February 3, 2009
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Lending Standards Continue to Tighten
branches and agencies of foreign banks, found that 75 percent of those banks had tightened lending standards for prime loans since the previous survey, in April. And six out of seven banks that originate subprime loans said they had tightened lending standards on those loans in the last three months. About 45 percent of loan officers from domestic banks said they expected their banks to tighten lending standards The results of a new survey released today by the Federal Reserve confirms what many people looking to buy or refinance already know — it’s hard to get approved for a loan.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Wachovia Changes The Lending Game
Wachovia Changes The Lending Game By Peter G. By every measure Wachovia is an important part of the lending community, so when it does something new or different in the mortgage arena the impact can be significant. Like many lenders, Wachovia has announced that it’s getting out of the option-ARM business, what it calls Pick-A-Pay mortgages. Miller With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution . More significantly — and unlike Wachovia’s competitors — it’s making
www.realtytrac.com
- Tuesday, February 3, 2009
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Mortgage Reform Faces Uphill Battle on Capitol Hill
Stashed away on Capitol Hill's back burners has been the emerging idea that the mortgage lending process has to be changed. Not around the edges and not something here or there, but the entire proces
RealtyTrac Article Library
- Tuesday, April 21, 2009
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Mortgage Reform Faces Uphill Battle on Capitol Hill
Stashed away on Capitol Hill's back burners has been the emerging idea that the mortgage lending process has to be changed. Not around the edges and not something here or there, but the entire proces
RealtyTrac Article Library
- Tuesday, April 21, 2009
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Foreclosure Mortgage Loans - Estimating the Costs Involved - RealtyTrac
Foreclosure Mortgage Loans: Estimating the Costs Involved Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. mortgage calculator is thus an important tool in determining whether the property is one they can truly afford. For anyone seriously considering buying a property and making the commitment to years of monthly mortgage More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! In a buyer’s market...
www.realtytrac.com
- Tuesday, February 3, 2009
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Mortgage Reform to Calm Foreclosure Storm
In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. Called The Mortgage Reform and Anti-Predatory Lending Act of 2007, the bill ( H.R. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes."
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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No Mortgage Meltdown For These Banks
No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. One result is that the mortgage meltdown is described in global terms, as if all lenders offered toxic loans during the past few years and the entire financial community is universally in trouble. Famous lenders with once-fabulous finances are turning up in the headlines among the broke and busted. The facts are different.
www.realtytrac.com
- Tuesday, February 3, 2009
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For Some, Mortgage Meltdown Means Opportunity
Cracks are appearing in the foundation of the housing market as shock waves — triggered by concern over a surge in bad subprime mortgages — jolted the stock market this week, sending the Dow Jones industrial average downward by more than 243 points, amid fears that a mortgage meltdown in the subprime lending sector could have broader economic implications. That's one home mortgage foreclosure filing for every 92 households. Warning signs already had begun to manifest themselves last year as the recent housing boom was starting to reverse. Although the trend started
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
Each lending institution, however, handles REO properties differently. Larger regional and national lending institutions, on the other hand, have large departments that deal exclusively with selling bank-owned properties. Each lending institution has different rules and requirements on how they sell bank-owned REO properties. Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? REO is an acronym for real estate owned and is industry jargon for foreclosure property repossessed by banks or lenders.
www.realtytrac.com
- Tuesday, February 3, 2009
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Subprime Market Sinking Further Into the Abyss
The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). Now the problem has dug down to the very roots of the lending industry and is shaking loose some of the largest subprime lenders, who are now falling into the abyss. And bankrupt mortgage lender ResMae Mortgage Corp. The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Borrowers began feeling the effects of those resets during the second half of
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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