The non-conforming mortgage business, heavily dependent on a vanishing secondary market, posted a huge drop in new originations during the fourth quarter of 2007, according to a new analysis and ranking by Inside Mortgage Finance... [Includes five charts]
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The economic stimulus package stalled in the Senate this week, after the Senate Finance Committee added a provision to tap the state mortgage revenue bond program to help troubled subprime borrowers onto a House-approved bill that would provide temporary increases in...
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Officials from several federal banking agencies this week suggested that they would prefer not to increase regulation of the mortgage market. At the American Securitization Forum’s 2008 conference this week in Las Vegas, agency officials implored the industry to...
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The global credit crunch spawned by the subprime mortgage collapse validates the concerns that drove House lawmakers to write a new national predatory lending standard – and more legislation may be needed to bolster the securitization business if the nation’s...
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Short sales continue to be the preferred resolution technique in lieu of foreclosure when a financially troubled homeowner can no longer afford their mortgage payments. But mortgage lenders and servicers would much prefer exploring loan modifications and other...
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Analysts are furiously battling over the measurement of the mortgage industry’s efforts to help borrowers deal with payment shock and avoid foreclosure. The latest salvo came this week as Home Now Alliance reported that 869,000 borrowers were helped by their...
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