Congress has just come up with an extra $1 billion to help people who can’t pay their mortgage because of unemployment or a medical problem.
Under this new Emergency Mortgage Relief program, eligible homeowners who are at least three months delinquent can get up to $50,000 apiece in federal loans to pay their mortgages.
The money for [...]
Posts Tagged ‘regulators’
Feds put up $1 billion more for mortgage relief
July 30th, 2010 by Mortgage Writer
Tags: Federal Housing, financial system, homeowners, housing market, mortgage, mortgage market, mortgage payments, regulators, unemployment
more...Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
June 25th, 2010 by Mortgage Writer
Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
Lawmakers said the goal of the risk retention rule, also known as the skin-in-the-game provision, is to raise the quality of loans [...]
Tags: brokers, credit card, housing market, interest rates, lenders, loans, mortgage market, mortgage payments, mortgages, regulators, subprime mortgage, wall street
Investors bob up doubtful
September 29th, 2009 by Mortgage Writer
The mounting regulatory handicap on Moody’s Investors aid further the distant key confidence ranking agencies appears to represent manufacture investors nervous.
Regulators also lawmakers lap up proposed amassed regulations to weaken conflicts of relate besides emend transparency force the $5 billion-a-year stress over of its role power the subprime mortgage mess, also congress plans to suppose [...]
Tags: billion of dollars, investors, money, mortgage, news, regulators, subprime mortgages
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