6 Articles match "Maine","Real Estate","Standards"

• The Best 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. 27, as Freddie Mac, one of the largest buyers of mortgages, tightened its lending standards and said it would no longer buy high-risk home mortgages that it deems to be highly vulnerable to foreclosure. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• What's Causing the Credit Crunch?
  
  Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. 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. 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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. Even in standard situations, without a foreclosure to consider in the mix, the minimum credit score required is now 580 . 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 and other loan originators, plus the recent bailout
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Million Foreclosures
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  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 ban predatory lending policies. Edwards also wants to ban certain fees, establish uniform broker licensing standards and start a national database for disciplinary infractions. 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
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• As Home Prices Plummet, When Will You Buy?
  
  Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little Does this make it a good time to buy real estate? have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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