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Articles tagged with: mortgage reform

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[29 Jan 2012 | No Comment | 1,875 views]
Is ‘certainty’ the missing ingredient in mortgage reform?

Since the subprime lending market collapsed around 2007, mortgage reform has been a popular topic in the federal government.
When it comes down to it, the real estate industry in general has become an issue of much discussion in Washington, D.C. The high number of foreclosures has been a concern and the same goes for falling home prices. Furthermore, there has been an emphasis on risk – the notion that lenders ought to write mortgages for people who are likely to live up to the obligations under the loans.
It is a …

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[17 Jul 2011 | One Comment | 6,906 views]
A national set of mortgage servicing standards?

Anyone who has been following the mortgage industry knows by now that the federal government is taking a hard look at loan servicing standards.
Why? We saw a good number of people lose their homes and lenders lose money as mortgage failed, in part due to relaxed lending standards and even lower standards by Fannie Mae and Freddie Mac. Indeed, the two government sponsored enterprises that control over half of the nation’s loans that are bundled and sold as mortgage backed securities relaxed their standards, too. Throw in reduced documentation requirements …

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[22 May 2011 | One Comment | 3,528 views]
Mortgage reform — a balancing act

We’ve already seen a number of reforms from the federal government which were put in place with the intention of avoiding the high loan default rates and so-called credit crisis with which the real estate industry has struggled for about four years.
Don’t think for a second that we won’t see more reforms in the months and years to come.
When it comes to mortgage reform, all parties involved appear to be engaged in a kind of balancing act. It’s important to make sure that safeguards are in place to protect lenders …

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[9 Apr 2011 | One Comment | 3,069 views]
Housing reform efforts get even more confusing

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 …

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[2 Apr 2011 | One Comment | 2,687 views]
Mortgage bankers call for system built on private capital, limited government role

Anyone who has kept an eye on the housing market over the past few years knows that reform is coming.
The question, of course, is what will that reform look like?
We got a hint back in February when President Barack Obama’s administration released a plan that, if adopted, would phase out Fannie Mae and Freddie Mac in five to 10 years. While some critics have said that particular plan would make it more difficult for some Americans to take out mortgages, here are a couple of facts that are hard to …

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[21 Feb 2011 | One Comment | 1,565 views]
Letting the market work

After months of anticipation, the Barack Obama administration released a plan to reform the secondary mortgage market that is decidedly capitalist in approach.
Yes, the Obama administration has proposed putting together a secondary mortgage market that is primarily financed by private capital. That’s a bit of a departure from what we’ve had for the past few decades and is well worth discussing.
Here’s a fact to consider – over the past couple of decades, taxpayers have been tapped for over $500 billion to cover the government’s losses following one plan after another …