Tag Archive: mortgages
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Lenders Raise the Bar
IF you have a mortgage, consider yourself lucky.
That is the upshot of the most recent survey of mortgage lenders by the Federal Reserve Board, which found that banks’ lending standards were significantly tighter in April than they had been in January, when credit was already tight.
Some prospective borrowers who just a few months ago were […]
McCain Warns Against Hasty Mortgage Bailout
SANTA ANA, Calif. — Drawing a sharp distinction between himself and the two Democratic presidential candidates, Senator John McCain of Arizona warned Tuesday against vigorous government action to solve the deepening mortgage crisis and the market turmoil it has caused, saying that “it is not the duty of government to bail out and reward those […]
Swift Steps Help Avert Foreclosures in Baltimore
BALTIMORE — When Wilbert and Patricia Savage missed two mortgage payments on their tidy row house here last fall, Mr. Savage, 75, despaired that they could ever catch up.
But he remembered Roy Miller, a nonprofit housing counselor with a nearby storefront office who had helped other neighbors in trouble. The Savages visited Mr. Miller, and […]
Democrats, Bush Square Off Over Housing Relief
President Resists Wide-Scale Assistance
Now that the Federal Reserve has pledged billions of dollars to rescue Wall Street bankers from possible default, lawmakers and regulators are turning their attention to helping average citizens — from homeowners in danger of foreclosure to people who want to buy a home.
But unlike the Fed’s rapid moves last week to […]
Housing crisis cools off growth
Torrid population growth rates in Sun Belt metropolitan areas from Florida to Arizona, Nevada and California have slowed amid a severe downturn in the nation’s housing market, according to a USA TODAY analysis of Census Bureau data released today.
“It’s really a slowdown in places with superheated housing markets that were almost out of control in […]
The Affluent, Too, Couldn’t Resist Adjustable Rates
They took out adjustable-rate mortgages at the peak of the housing bubble to buy homes they would otherwise not be able to afford. Or they refinanced existing mortgages to take cash out. And now, two or three years later, the day of reckoning is here.
These are not lower- and middle-income borrowers, but more affluent consumers […]
Foreclosed Homes: A Local Blight
The peach-colored house in a modest subdivision near downtown Modesto, Calif., used to be someone’s dream home. But it stands out in a row of similarly hued homes where many have a “For Sale” sign planted in their front yards. The two-story appears battered: its address has been scratched on a front panel and weeds […]
Home Sweet Investment
FEAR is ruling the financial markets. Billions of dollars have been lost in mortgage-related investments. The Federal Reserve worked madly over the weekend to engineer a takeover of Bear Stearns and avert a systemic meltdown. But the big fear remains. How low will house prices go?
If prices continue to fall, mortgage defaults will move well […]
Florida Leads Nation In Mortgage Fraud
Florida led the nation in mortgage fraud in 2007, a dubious distinction it’s had two years running.
The competition to be first in fraud is getting stiffer as the housing downturn persists and agencies nationwide report more suspect mortgages, according to industry data released Thursday.
Nevada ranked second in mortgage fraud, up from No. 6 a year […]
Stronger Rules for Mortgages Are Proposed
WASHINGTON — The nation’s top economic policymakers, hoping to prevent a repeat of the excesses that led to the mortgage bubble and bust, on Thursday proposed a broad series of reforms aimed at tightening oversight of financial institutions.
The changes include tougher disclosure requirements for banks and Wall Street firms, a nationwide licensing system for mortgage […]
Previous Stories
- Lenders Raise the Bar
- McCain Warns Against Hasty Mortgage Bailout
- Swift Steps Help Avert Foreclosures in Baltimore
- Democrats, Bush Square Off Over Housing Relief
- Housing crisis cools off growth
- The Affluent, Too, Couldn’t Resist Adjustable Rates
- Foreclosed Homes: A Local Blight
- Home Sweet Investment
- Florida Leads Nation In Mortgage Fraud
- Confessions of a Subprime Mortgage Lender
- Treasury To Release Analysis of Meltdown
- Home owners refuse to pay home equity loans, banks powerless to stop them
- Foreclosure crisis has ripple effect
- Jitters for First-Time Homebuyers
- Fed Chief Urges Breaks for Some Home Borrowers
- Freddie and Fannie Promise To Play Nice
- Home Appraisal Standards Stiffened