4 Articles match "New York","Properties","Standards"

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• New York Versus Freddie Mac: Round One
  
  New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York. On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. This is a big deal because if New York lenders can’t sell mortgages to buyers such as Freddie Mac, they simply won’t make such loans. You can guess what happens
  www.realtytrac.com - Tuesday, February 3, 2009
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• Home Prices Fall Deeper Into the Abyss
  
  Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 Washington, In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now, being taken on the descending elevator ride of their lives, especially
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• No Mortgage Meltdown For These Banks
  
  number of lenders have maintained traditional underwriting standards and mortgage offerings. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in
  www.realtytrac.com - Tuesday, February 3, 2009
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• Don't Dump Investors
  
  The investor double-standard is hardly hidden. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. Long-term holders of real estate have commonly benefited from property prices which have increased faster over time than the rate of inflation, Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres
  www.realtytrac.com - Tuesday, February 3, 2009
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