4 Articles match "Real Estate","Reform","September"

The Latest from RealtyTrac MORE
No Mortgage Meltdown For These Banks
Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. At the time of that debate virtually all banks, credit card companies, student loan lenders, car financing firms and related businesses stridently supported bankruptcy “reform” — but one notable exception was ING DIRECT. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
New York Versus Freddie Mac: Round One
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. big chunk of the real estate market will close down. This seems to make New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
Freddie and Fannie Spurn New York Subprime Loans
Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817-A), creating stringent lending guidelines for subprime lenders. rdquo; Fannie’s sibling, Freddie Mac , who is also reeling with bad debt, chimed in last week, saying it will pull out of the New York Last week, New York Governor David A. Under the new law, investors, including loan buyers like Freddie Mac and Fannie Mae, are held liable for mortgage
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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
    READ MORE
  • Freddie and Fannie Spurn New York Subprime Loans
    Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817-A), creating stringent lending guidelines for subprime lenders. rdquo; Fannie’s sibling, Freddie Mac , who is also reeling with bad debt, chimed in last week, saying it will pull out of the New York Last week, New York Governor David A. Under the new law, investors, including loan buyers like Freddie Mac and Fannie Mae, are held liable for mortgage
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • New York Versus Freddie Mac: Round One
    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. big chunk of the real estate market will close down. This seems to make New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    Speaking at the start of September, Hermance said his bank had some 80,000 mortgages outstanding. But the real story with foreclosures is different: The fact that a loan is delinquent does not mean foreclosure is sure to follow. At the time of that debate virtually all banks, credit card companies, student loan lenders, car financing firms and related businesses stridently supported bankruptcy “reform” — but one notable exception was ING DIRECT. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE