TITLE

Political Pressure Bears Fruit on Second Liens

AUTHOR(S)
Collins, Brian
PUB. DATE
April 2010
SOURCE
National Mortgage News;4/19/2010, Vol. 34 Issue 29, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the significant effect of congressional and governmental pressure that forces mortgages servicers to offer principal reductions and second-lien modifications on troubled second mortgages in the U.S. It states that the principal reductions and modifications will help homeowners refinance their loans into Federal Housing Administration-insured loans. It mentions some issues regarding the obstacles in modifying first mortgages due to conflict of interests.
ACCESSION #
49791670

 

Related Articles

  • Ready to Explode.  // National Mortgage News;5/28/2012, Vol. 36 Issue 35, p1 

    The article presents the author's views on the plan of the U.S. Federal Housing Administration (FHA) revive up its pilot distressed asset sale program. The author believes that the plan is an indication that the property market is ready to boom despite the distressed asset mortgage-backed...

  • Posters State Opinions on FHA.  // National Mortgage News;3/12/2012, Vol. 36 Issue 24, p10 

    The article offers several insights concerning the U.S. Federal Housing Administration (FHA). Jon Elwell says that the security instruments of FHA will require borrowers to establish home bona fide occupancy. Backgroundgrrl states FHA follows its pledge to increase annual and upfront insurance...

  • FHA LENDING: GROWING POTENTIAL.  // National Mortgage News;1/14/2008, Vol. 32 Issue 15, p12 

    The article reports on the growing potential of the Federal Housing Administration lending in the U.S. However, it is expected to take some time to work out differences and reach consensus so that change may not be immediate. In addition, players such as Fannie Mae and Freddie Mac hold bigger...

  • Has FHA lost its way? O'Sullivan, Orla // ABA Banking Journal;Mar1998, Vol. 90 Issue 3, p46 

    Focuses on the debate over whether the US Federal Housing Administration (FHA) should be allowed to make loans as large as those made by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac). Content of the FHA proposal; Opposition made by...

  • Higher Premiums Hurting FHA 'Streamline' Refis. Collins, Brian // National Mortgage News;4/30/2012, Vol. 36 Issue 31, p1 

    The article reports on the condition of the U.S. Federal Housing Administration's (FHA) refinancing program which has seen a 30 percent decrease in production from January to May 2012 due to higher premiums. It states that FHA lenders have originated $76.9 billion of loans in May and that...

  • Americans Shut Out of Housing on FHA Fee Increases.  // National Mortgage News;5/19/2014, Vol. 38 Issue 20, p2 

    The article reports that the U.S. Federal Housing Administration's (FHA) higher fees prevented new buyers from making as many as 375,000 house purchasers in 2013 in the U.S. It is noted that as the agency's underwriting standards are loose, FHA loans are riskier than those backed by Fannie Mae...

  • MORTGAGE BANKING: Blacks Share The Action.  // Ebony;Jul1970, Vol. 25 Issue 9, p80 

    The article discusses mortgage banking which is handled by the blacks in U.S. It reports that there are 16 black firms approved by the U.S. Federal Housing Administration which handle nearly 300m dollars in mortgage. It further reports that the business is expected to grow to 10bn dollars within...

  • FHA Is Not 'the Next Subprime'. Donovan, Shaun // National Mortgage News;12/14/2009, Vol. 34 Issue 12, p4 

    In this article, the author discusses an audit on cash reserves of the U.S. Federal Housing Administration (FHA) insurance program. The author says that FHA's reserves decrease below the required two percent level to 0.53% of the total insurance-in-force. He claims that the actuary concludes...

  • Fannie and Freddie Mum On Principal Reductions. Collins, Brian // National Mortgage News;12/13/2010, Vol. 35 Issue 12, p1 

    The article reports that government-owned enterprises (GSEs) Fannie Mae and Freddie Mac failed to participate with the refinancing program of the U.S. Federal Housing Administration (FHA), resulting to the pressure to help homeowners with their mortgage loans. It cites that Fannie Mae and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics