Blitz Says Tighter Mortgage Lending Is Hurting Housing
22 January, 2012
Jan. 20 (Bloomberg) — Steven Blitz, an economist at ITG Investment Research, Daniel Alpert, managing director at Westwood Capital LLC, and Stephen Wood, chief market strategist at Russell Investments, talk about the U.S. housing market, increased lending standards at banks and the European sovereign debt crisis.
They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
Duration : 0:15:50
The Financial Services Subcommittee on Financial Institutions and Consumer Credit Committee is currently holding a hearing, “The Role of the Secondary Market in Subprime Mortgage Lending.” Mr. Michael Calhoun, President and Chief Operating Officer, Center for Responsible Lending, and Ms. Judy Kennedy, Executive Director, National Association of Affordable Housing Lenders, give opening testimony.
With the right SOA and ESB, lenders can make due diligence easier and
The FSA announce stricter rules governing mortgages
Hello Everyone,
The term “predatory lending” includes a variety of fraudulent home mortgage lending practices. Some lenders often use unfair and deceptive business practices to pressure consumers into signing loan agreements that fail to disclose material terms of their contract. Often, using false promises and deceptive sales tactics, mortgage brokers and lenders unscrupulously take advantage of thousands of consumers nationwide.
Today, Attorney General Martha Coakley filed final, revised mortgage broker and mortgage lender regulations with the Secretary of State and has issued official guidance to the broker and lender community to help them understand and implement the new consumer protection regulations governing mortgage brokers and lenders. The regulations, which take effect on January 2, 2008, codify several forms of mortgage fraud and unfair lending which contributed to the recent meltdown in the subprime market and the resulting foreclosure crisis in the Commonwealth.
Chapter 2 of the life of Jack!
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