10 Articles match "Standards","Washington"

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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 . Washington, Los Angeles, New York and Miami are highlighted in a S&P press release as the best performing markets overall since January 2000. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Subprime meltdown means jump in foreclosures
  
  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 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. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• And the Hits' Just Keep On Coming!
  
  Washington Mutual and Merrill Lynch. Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Tightened lending guidelines are already in place at the national and state level, so future borrowers should be more well qualified and capable to maintain the standard of living they want to enjoy by buying a house they can actually afford. Countrywide. Citigroup.
  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? The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not
  www.realtytrac.com - Tuesday, February 3, 2009
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• Long-Term Solution for Fannie and Freddie Dilemma
  
  Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Treasury in case of emergency and for decades they did not have to maintain the bookkeeping standards required by the Securities and Exchange Commission. Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for Fannie Mae and Freddie Mac.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  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 disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently
  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. 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 are released, if Wall Street perceives them as bad, the market takes an immediate tumble.
  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 mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions
  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 Im from Washington state. Steve
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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