Articles tagged with: FDIC
Get ready – this year will prove to be an interesting one for people who are wondering what, exactly, mortgage reform will look like.
Yes, we all know mortgage reform is coming. That was a foregone conclusion when the subprime mortgage industry tanked a few years ago and high foreclosure rates started to plague housing markets around the nation.
People started to question the underwriting standards that allegedly gave rise to so many mortgages that went so wrong and people started to wonder what could be done to prevent the issuance of …
My, but last week was busy here at First Arkansas News.
We’ve had everything from the announcement of the formation of a new adversing group to some big news about Linux to some political wrangling. If you missed out on some of those stories, here’s your chance to play a bit of catch up so you can be on top of the stories that we’ve covered this week.
As our regular visitors probably know, we run these “week in review” posts regularly. Ah, but there’s a better way to make sure you …
News, Real Estate »
Last year, the national Mortgage Bankers Association and other industry insiders formed Council on Residential Mortgage Servicing for the 21st Century to take a look at the foreclosure crisis that’s hit the nation and to figure out how to both mitigate current problems and avoid future ones.
As anyone who follows the real estate industry knows, there were a lot of groups formed last year in the wake of questions over the legality of foreclosures. Most of them are government entities, but the Council on Residential Mortgage Servicing is different in …
Business, News, Politics, Real Estate »
Here’s a newsflash — foreclosures are still plaguing the real estate and mortgage industries.
The amount of foreclosures in the nation has prompted Federal Deposit Insurance Company (FDIC) Chairman Sheila C. Bair to declare it is in the best interests of borrowers and lenders to pursue loan modifications.
We all know the story by now. People got in over their heads with either subprime or — in some cases — prime mortgages and the ramifications have been severe. Entire neighborhoods stand nearly empty in some parts of the nation and home values …