Government pressures the mortgage industry

To gain FHA stability, downpayments could increase to 5%, minimum credit scores hiked and seller funding limited. Read more….

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Government pressures the mortgage industry

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    1. proof that the industry is looking at a breadth of solutions designed to keep families in their homes.? Olick notes that proprietary loan modifications are those done outside of the government's $75 billion Home Afforda ... said they were coming under pressure from their trading partners and investors, who feared that Merrill was less liquid than Lehman. Anton Valukas, the Lehman bankruptcy court examiner, found that Lehman had used questionable financing ...

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    1. ?But, under crisis pressure, it too failed.? Greenspan echoed comments he made in a paper released yesterday citing the central bank's failures to rein in the housing bubble and growth of the largest US banks. ... Such changes may include creating a systemic-risk regulator and giving the government the ability to dismantle failed firms. Greenspan used much of his speech to reiterate his view that Fed policy under his chairmanship didn't lead to the housing bubble by ...