TITLE

Good News For CUs Is Bad For Banks On Mortgage Front

AUTHOR(S)
Berry, Kate
PUB. DATE
June 2011
SOURCE
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the U.S. mortgage industry downturn. It states that the decline in mortgage lending results to lenders' cost cutting and reducing of staff. It mentions that the American Bankers Association said lenders need to have new borrowers to take up their stocks of foreclosed homes. Moreover, Federal Reserve Bank of Cleveland senior economist Yuliya Demyanyk said that uncertainties in the housing prices cycle makes it difficult to determine the real market for mortgage.
ACCESSION #
61799092

 

Related Articles

  • Cramdowns, Redux. Lepro, Sara; Barba, Robert // American Banker;9/2/2010, Vol. 175 Issue 136, p11 

    The article examines research done by the Federal Reserve Bank of Cleveland, Ohio on laws allowing bankruptcy judges to modify mortgage loans, focusing on objections to the study from the American Bankers Association.

  • TROUBLE LURKS IN SHADOWS. PARK, MICHELLE // Crain's Cleveland Business;6/6/2011, Vol. 32 Issue 23, p0003 

    The article presents the problems that is foreseen in the foreclosures of some mortgage businesses in Ohio. It mentions that based on the released national figures by the Mortgage Bankers Association of America on May 2011, the mortgage loans had decreased for five consecutive quarters. Guhan...

  • Loan bias can occur at any stage, study finds. Prakash, Snigdha // American Banker;9/9/1994, Vol. 159 Issue 174, p12 

    Reports on the ability of lenders and realty brokers to discriminate against minorities at a variety of stages in the homebuying process according to a task force study sponsored by the Federal Reserve Bank of Cleveland. Identification of potential discrimination in real estate brokerage and...

  • REPORTERS' NOTEBOOK.  // Crain's Cleveland Business;10/13/2014, Vol. 35 Issue 41, p0035 

    The article presents a pair of business-related news briefs. The investment group 1250 Riverbed St. LLC has acquired the Left Bank apartment complex in Ohio from Newman & Newman LLC. A study led by economist Yuliya Demyanyk and University of Virginia professor Elena Loutskina concludes mortgage...

  • Mortgages to first-time buyers soar. Mazur, Michael // ABA Banking Journal;Jun2014, Vol. 106 Issue 6, p11 

    The article presents the findings of American Bankers Association (ABA) Real Estate Lending survey as of June 2014 and mentions topics including the percentage of single family mortgage loans made to first time buyers, drop in foreclosures, and compliance costs.

  • Speeding Up Vacant-Home Foreclosures Could Save Big: Fed Paper. Dymi, Amilda // American Banker;3/10/2014, Vol. 179 Issue 36, p5 

    The article states that speeding up vacant-home foreclosures in judicial foreclosure states such as Ohio can result in significant cost savings for stakeholders, according to a study by the Federal Reserve Bank of Cleveland, and also notes a press release as of March 10, 2013 about the study.

  • Commercial Home-Equity Delinquencies Rise Sharply. Cornwell, Ted // Mortgage Servicing News;Aug2007, Vol. 11 Issue 7, p20 

    The article reports on the findings of the quarterly consumer credit delinquency survey conducted by the American Bankers Association (ABA) regarding mortgage loans in the U.S. According to ABA, the delinquency rate on home-equity loans held by commercial banks rose significantly during the...

  • CFPB Takes Aim at 'Zombie' Foreclosures. Berry, Kate // American Banker;3/13/2014, Vol. 179 Issue 39, p13 

    The article reports on U.S. Consumer Financial Protection Bureau executive Laurie Maggiano's remarks about the agency's foreclosure policy at a March 11, 2014 conference sponsored by the Federal Reserve Bank of Cleveland. The topics include abandoned or zombie properties that are held by...

  • CFPB Takes Aim at 'Zombie' Foreclosures. Berry, Kate // American Banker;3/14/2014, Vol. 179 Issue F311, p3 

    The article reports on U.S. Consumer Financial Protection Bureau executive Laurie Maggiano's remarks about the agency's foreclosure policy at a March 11, 2014 conference sponsored by the Federal Reserve Bank of Cleveland. The topics include abandoned or zombie properties that are held by...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics