Search for: "Mortgage Bankers Association"
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31 Jan 2009, 7:28 am
One drafting suggestion to the practitioners is that association governing documents allow board modification of provisions relating to secondary mortgage markets.Several of the panelists are reminding attendees that the agencies will, even in otherwise noncompliant projects, grant exceptions in appropriate circumstances. [read post]
26 Jan 2009, 11:11 am
According to an Associated Press Article yesterday, The chief lobbyist for the Mortgage Bankers Association, Steve O'Connor, said new homebuyers would end up paying higher interest and bigger down payments if lenders are saddled with the risk that a judge... [read post]
23 Jan 2009, 10:03 pm
Opponents of bankruptcy modification have only been able to respond with plain-out concocted numbers (e.g., the Mortgage Bankers Association) or insistence on applying economic theory that looks at the wrong question [read post]
15 Jan 2009, 7:20 pm
Most often they chose to fault underwriting standards.Just as interesting (at least to me) was the view of bank executives that "mark-to-market" accounting is not a major problem.Though the American Bankers Association and other industry groups have vociferously criticized mark-to-market accounting, banking executives indicated that they did not see the practice as a major cause of the crisis. [read post]
13 Jan 2009, 11:07 am
Last week, the Wall Street Journal reported that Citibank had broken ranks with the Mortgage Bankers Assocation and is supporting the new legislation -- provided that homeowners be required to seek a voluntary modification first. [read post]
8 Jan 2009, 12:33 pm
A top lobbyist for the Mortgage Bankers Association, Francis Creighton, stated in an article by Patrick Rucker posted on reuters.com, that "Cram-down would lock the pendulum at an overly restrictive point. [read post]
31 Dec 2008, 1:02 pm
He is the Past Chairman of the Real Property Section of the Cincinnati Bar Association, former Trustee of the Cincinnati Mortgage Bankers Association, Member of the Mayor of Cincinnati's Blue Ribbon Committee of the Cincinnati Housing Partnership, and a Member of the Cincinnati Area Fair Mortgage Credit Project through the Federal Reserve Bank of Cleveland. [read post]
15 Dec 2008, 9:39 pm
Real Estate Industry groups (the National Association of Realtors Mortgage Bankers Association, and others) have lauded Donovan's selection once his name became public. [read post]
11 Dec 2008, 12:23 pm
Kurt Cannon, president of Rabun Builders and the Home Builders Association of Georgia, said at the hearing that worried bankers have turned on builders, even those with good credit, by calling in loans and threatening to sue. [read post]
4 Dec 2008, 2:03 pm
Higgins, PresidentFederal Bar Association [read post]
18 Nov 2008, 3:33 pm
By Alan White We now have foreclosure and mortgage modification reports coming from five sources on a periodic basis: the Mortgage Bankers Association National Delinquency Survey (watch for the 3rd quarter report due the first week of December), the FHFA report on Fannie/Freddie mortgages, the State Foreclosure Prevention Working Group, HOPE NOW and the OCC/OTS mortgage metrics from banks and thrifts. [read post]
31 Oct 2008, 3:36 pm
Attorneys at SNSFE continue to investigate a plethora of abuses associated with  derivatives investments. [read post]
18 Oct 2008, 12:34 am
It took RFC chair Jesse Jones telling the American Bankers Association that if they didn't get with the program and start lending again, the government would go into the direct loan business itself. [read post]
10 Oct 2008, 3:48 am
"I don't have any toxic mortgages to sell," he said. [read post]
3 Oct 2008, 5:26 pm
The American Bankers Association concluded that [the SEC] had slapped down auditors who were forcing banks to unreasonably reduce the value of assets no one was buying. . . . [read post]
29 Sep 2008, 8:43 am
Fees collected by mortgage brokers lending money to unqualified buyers should be seized. [read post]
25 Sep 2008, 9:56 pm
Thanks to the Association of Real Estate Brokers, the help of some good folks in Baltimore, they figured out how to purchase their own home. [read post]
24 Sep 2008, 3:10 pm
The Mortgage Bankers Assn claims that if home mortgages can be modified in a bankruptcy case, over the objection of the lender, interest rates will rise and there will... [read post]
24 Sep 2008, 2:33 pm
I have received several inquiries about the Mortgage Bankers Association's spurious claim that permitting modification of mortgages in bankruptcy will result in higher interest rates or less credit availability. [read post]
23 Sep 2008, 8:38 pm
These are serious concerns, but entirely unsupported by the evidence (see Appendix C to my paper, here, for a discussion of the Mortgage Bankers Association's false statements). [read post]
