CNN has been circling the drain for quite a while now, hanging on to its last, tattered vestiges of credibility like it hangs onto Asian airline disaster stories. The latest attempt at housing news has all the nutritional value of a White House approved school lunch.
After the Senate voted 61-37 Tuesday afternoon to approve its $838 billion version of President Obama's economic stimulus bill, House-Senate negotiations were immediately underway -- stretching late into Tuesday night -- and there now appears to be a deal in the works to finalize the legislation.
Negotiators are expected to emerge from closed-door meetings later Wednesday and gather in a public session to sign off on a compromise bill, tentatively holding a price tag of $790 billion, that would then be sent to the full House and Senate for final approval.
Moody's Economy.com told MSNBC in an interview that Q1 2007 was the worst ever for delinquencies. EVER. HW is attempting to discuss the matter with Moody's representatives and will hopefully have more in-depth information for our readers.
"If you look at what we do, fundamentally, MERS is the mortgagee on behalf of the investor and its assigns, it’s not a whole lot more complicated than that. And that role as an agent is well rooted in the laws of this country. So when you get down to it, and when we get challenged, we typically prevail. We simply take away all the clutter and present what we do, and what the laws actually say, and we get there," MERS CEO Beckmann said in an exclusive profile only in HousingWire magazine..
The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer. A common violation that these smaller firms or individuals commit, in addition to possible violations resulting from social media posts, stems from agreements among themselves. Read More
Ladies and gentlemen, it’s been some time since the mortgage bond world felt shaken to the core. But shaken, right now, it feels, according to several recent conversations I’ve had on the subject. Read More