Lenders Reminded of Rules on HELOC Term Changes, REOs
July 14, 2008
The Federal Deposit Insurance Corp. has issued guidance for federally insured lenders when considering changes to the terms of any home-equity line of credit, as well as guidance reminding them of their responsibilities when handling foreclosure of real estate owned properties. With property values declining across the nation, HELOC portfolios are feeling the pinch. Responding to...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.