More justification for cramdowns
According to credit rating agency, Standard & Poors, cramdowns are cool.
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by Jeffery Marino | Dec 3, 2013 | Real Estate | 0
According to credit rating agency, Standard & Poors, cramdowns are cool.
Read Moreby Matthew Taylor | Oct 1, 2013 | Real Estate | 1
Tighter banking regulations won’t help the struggling American consumer.
Read Moreby Matthew Taylor | Jul 10, 2013 | Mortgages, Real Estate | 0
Yet another federal home-loan recovery program enters the stimulus mix.
Read Moreby ft Editorial Staff | Aug 24, 2012 | Finance, Real Estate | 3
San Bernardino homeowners may be blacklisted from future Fannie Mae and Freddie Mac (collectively...
Read Moreby Carrie B. Reyes | Jul 13, 2012 | Finance, Laws and Regulations, Real Estate | 8
Offering cramdowns to underwater homeowners is the solution for the struggling housing industry,...
Read Moreby Sarah Cantino | Jun 19, 2012 | Real Estate | 0
Principal reduction (cramdowns) granted by bankruptcy courts is the only solution to underwater homeowners’ plight, a recent article from Daily Finance argued. Unlike recent endeavors to implement cramdowns through bank...
Read Moreby Sarah Cantino | May 18, 2012 | Real Estate | 2
A recent letter from Congress to the Acting Director of the Federal Housing Finance Agency (FHFA)...
Read Moreby Sarah Cantino | May 14, 2012 | Reader Polls, Real Estate | 3
Do you think BofA’s cramdown offers are likely to extend beyond 200,000 to greater numbers of underwater California homeowners? No (70%, 52 Votes) Yes (30%, 22 Votes) Total Voters: 74 Bank of America (BofA) has begun offering...
Read Moreby Sarah Cantino | Apr 24, 2012 | Finance, Real Estate | 2
“Halt foreclosures,” is the request of California’s Attorney General (AG) to Fannie Mae and...
Read Moreby Carrie B. Reyes | Apr 24, 2012 | Finance, Reader Polls, Real Estate | 2
Would the FHFA allowance of principal reductions benefit the real estate market? Yes (74%, 100...
Read Moreby Mary Balash | Mar 22, 2012 | Real Estate | 5
Struggling to keep up with foreclosure complaints, JPMorgan Chase & Co., Bank of America Corp. and Citigroup have admitted to being understaffed during assessments released by the Federal Reserve (Fed). The banks were...
Read Moreby ft Editorial Staff | Jan 3, 2012 | Economics, Investment, Real Estate | 1
For every two homes available for sale, there is another in lender shadow inventory, according to a report by CoreLogic. Nationally in October 2011, 1.6 million residential units were shadow inventory comprising property...
Read Moreby Jeffery Marino | Dec 6, 2011 | Market Watch, Real Estate | 7
Would government mandated principal reductions on underwater home loans bring us out of this Lesser Depression? Yes! Housing debt is the problem. (53%, 92 Votes) No. Unemployment must be solved first. (47%, 81 Votes) Total...
Read Moreby Jeffery Marino | Oct 19, 2011 | Finance, Real Estate | 0
In early August 2011, the White House proposed selling the Federal Housing Finance Agency’s (FHFA) real estate owned properties (REOs) in bulk (read: cheap) to investors on the condition they rent out the properties for an...
Read Moreby Jeffery Marino | Aug 26, 2011 | Real Estate | 1
In anticipation of Ben Bernanke’s speech at the annual Federal Reserve (Fed) conference in Jackson Hole, Wyoming, Paul Krugman expressed sincere doubt that Bernanke would propose any effective strategies in monetary policy to...
Read Moreby ft Editorial Staff | Jul 15, 2011 | Finance, Real Estate | 0
The current administration’s efforts to help homeowners navigate the depressed housing market have been “not enough,” according to the President. In a recent town hall event, users from across the nation took to their Twitter...
Read Moreby ft Editorial Staff | Jul 13, 2011 | Real Estate | 0
Lenders have been quietly offering unrequested loan modifications or principal reductions on adjustable rate mortgages (ARMs) to borrowers who are not in default, according to the New York Times. JP Morgan Chase (Chase) and Bank...
Read Moreby ft Editorial Staff | Apr 11, 2011 | Real Estate | 5
The Home Affordable Modification Program (HAMP) recorded 20,000 new mortgage loan modifications and 26,147 permanent modifications in February 2011. Thus national statistics are a new low for HAMP, a federal program established...
Read Moreby Jeffery Marino | Apr 1, 2011 | Real Estate | 3
Lenders are still getting away with highway robbery, according to Nobel Prize winning economist and New York Times Op/Ed columnist, Paul Krugman. Krugman eviscerates the banking industry and the wealthy class with a powerful...
Read Moreby ft Editorial Staff | Mar 4, 2011 | Real Estate | 3
The current administration proposes that Fannie Mae and Freddie Mac be gradually dissolved within...
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