7 Articles match "News","Standards","Washington"

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• Subprime meltdown means jump in foreclosures
  
  filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. 27, as Freddie Mac, one of the largest buyers of mortgages, tightened its lending standards Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities
  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. They thought long-term instead of quarterly; made sure their underwriting standards made sense and now show profits.” Which lenders? 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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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Good news, there may be ways to stop foreclosure. 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 Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
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• Economic Indicators: Image Is Everything
  
  2) On Tuesday, the Standard & Poor’s/Case-Shiller home price index reported the worst decline in home prices since the company started tracking data back in 1987. percent), while Phoenix, San Diego, Los Angeles, Detroit, Tampa, San Francisco, Washington, D.C. To add insult to injury The Conference Board released the news that its monthly Consumer Confidence Index revealed a lack of consumer confidence about When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Edwards also wants to ban certain fees, establish uniform broker licensing standards and start a national database for disciplinary infractions. They are the ones that are causing this to go under, and there’s no transparency, no accountability,” Biden told The Washington Post . With homes prices tumbling, foreclosures rising and a glut of unsold homes flooding the nation’s real estate markets, the relentless housing slide will 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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• Can "Appreciation Sharing" Solve The Mortgage Mess?
  
  But for those with toxic loans, a high-cost mortgage with sane terms is better than foreclosure, bankruptcy and having your stuff sitting on the curb. Equity Sharing During the past few months there has been a huge debate in Washington regarding how to assist those with toxic loans, assuming they should get any assistance at all. If we tighten mortgage standards so that only those with great credit can buy homes we won’t have enough purchasers to clear the inventory of foreclosed properties now on-hand or to stabilize home prices.” Saccacio explains that “we have to enable purchasers
  www.realtytrac.com - Tuesday, February 3, 2009
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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 quot;Little positive news can be found when cities like Las Vegas and Phoenix report annual declines as large as -29.9% More from Shulman and several other leading economists in the October issue of the Foreclosure News Report , scheduled to be available in mid October.) Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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