Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | hide all replies



US Century Bank, Florida won TARP loan, now teeters - Leigh Attridge/MA
10/19/2011 12:43:08 PM (3874 views)

Comment on "Bevilacqua v. Rodriguez-- Mass. Buyers out of Foreclosure Get the [Mostly] Bad News" - Source of Title/OH
10/19/2011 11:37:11 AM (2973 views)
Bevilacqua - Leigh Attridge/MA
10/19/2011 11:37:11 AM (3093 views)
Re: Bevilacqua - Slade Smith/OH
10/19/2011 2:51:57 PM (3021 views)
Re: Bevilacqua - William Pattison /CA
10/24/2011 2:36:51 PM (2866 views)
Re: Bevilacqua - Robert Franco
10/24/2011 2:57:47 PM (2969 views)
Other interests - William Pattison /CA
10/24/2011 8:29:26 PM (2941 views)
Bevilacqua - Leigh Attridge/MA
10/19/2011 11:44:48 AM (5891 views)

Real T Solutions - trish kerns/PA
10/19/2011 10:03:01 AM (3048 views)
Re: Real T Solutions - Susan McKee Shifflett/WV
10/19/2011 11:44:11 AM (3249 views)
Re: Real T Solutions - trish kerns/PA
10/19/2011 2:11:07 PM (3124 views)
Re: Real T Solutions - Leigh Attridge/MA
10/19/2011 12:48:56 PM (3205 views)
Re: Real T Solutions - Leigh Attridge/MA
10/19/2011 12:49:01 PM (3132 views)
Re: Real T Solutions - Jason Knowles/AL
10/19/2011 2:55:08 PM (3004 views)
Re: Real T Solutions - trish kerns/PA
10/19/2011 9:03:16 PM (3108 views)
Re: Real T Solutions - Stephenie Page/RI
10/21/2011 9:52:39 AM (3075 views)
Re: Real T Solutions - Sheila Sten/PA
10/23/2011 9:33:12 PM (2985 views)
Re: Real T Solutions - Jacqueline Buck/NJ
10/24/2011 8:49:13 AM (2975 views)
Re: Real T Solutions - Jacqueline Buck/NJ
10/24/2011 8:52:42 AM (2951 views)
Re: Real T Solutions - William Pattison /CA
10/24/2011 1:16:06 PM (2937 views)
Re: Real T Solutions - lloyd g/NE
3/20/2012 5:48:47 PM (2543 views)

Fannie Mae to phase out use of its retained attorney network - CHARLENE  PERRY/MD
10/18/2011 10:58:36 PM (4186 views)
Re: Fannie Mae to phase out use of its retained attorney network - Slade Smith/OH
10/19/2011 4:37:57 AM (2825 views)
Re: Fannie Mae to phase out use of its retained attorney network - CHARLENE  PERRY/MD
10/19/2011 5:34:13 PM (2817 views)

Mass Court rules on Bevilacqua - & it's ugly for good faith purchasers - Leigh Attridge/MA
10/18/2011 7:46:52 PM (4129 views)
Big news day, thanks for bringing this to my attention - Slade Smith/OH
10/19/2011 4:40:19 AM (2831 views)
Re: Mass Court rules on Bevilacqua - & it's ugly for good faith purchasers - William Pattison /CA
10/24/2011 8:32:08 PM (2825 views)




Stewart Title bulletin re compliance with Massachusetts REBA v NREIS decision - Leigh Attridge/MA
10/18/2011 1:30:51 PM (5031 views)
Interesting chain of lawyer efforts across nation - William Pattison /CA
10/24/2011 2:52:27 PM (2777 views)
Re: Interesting chain of lawyer efforts across nation - CHARLENE  PERRY/MD
10/24/2011 3:02:21 PM (2741 views)

RESPA violation? - Louise Jackson/SC
10/17/2011 9:33:11 AM (2671 views)
Re: RESPA violation? - Robert Franco/OH
10/17/2011 10:12:51 AM (3198 views)
Re: RESPA violation? - Louise Jackson/SC
10/17/2011 10:26:22 AM (3030 views)
Re: RESPA violation? - Scott Perry/PA
10/17/2011 5:57:15 PM (3036 views)
Re: RESPA violation? - William Pattison /CA
10/17/2011 8:47:04 PM (2960 views)
Re: RESPA violation? - CHARLENE  PERRY/MD
10/18/2011 2:09:05 PM (2847 views)
Re: RESPA violation? - Donna McCullough/SC
10/17/2011 11:35:16 PM (2959 views)
Re: RESPA violation? - Louise Jackson/SC
10/18/2011 6:50:26 AM (2916 views)
Re: RESPA violation? - CHARLENE  PERRY/MD
10/24/2011 3:09:31 PM (2735 views)

In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA
10/15/2011 8:25:40 AM (4235 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/15/2011 9:51:05 AM (2985 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Scott Perry/PA
10/15/2011 10:56:13 AM (6115 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/15/2011 12:06:02 PM (5989 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Scott Perry/PA
10/15/2011 1:35:55 PM (2964 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/15/2011 2:47:04 PM (2968 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Scott Perry/PA
10/15/2011 5:55:20 PM (2966 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/16/2011 3:41:55 AM (2877 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Anita Backlund/MN
10/17/2011 3:33:52 PM (2951 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/17/2011 3:47:20 PM (2848 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA
10/16/2011 6:23:13 PM (2928 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Kevin Ahern/CT
10/17/2011 5:55:52 AM (2853 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA
10/17/2011 10:07:15 AM (2863 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Anita Backlund/MN
10/17/2011 3:37:24 PM (2807 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Anita Backlund/MN
10/17/2011 3:41:22 PM (2924 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA
10/17/2011 4:27:38 PM (3019 views)
Re: In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Anita Backlund/MN
10/18/2011 11:25:18 AM (2819 views)

This Is Why they hate you & want you to die - Leigh Attridge/MA
10/13/2011 8:21:31 PM (4870 views)
I don't... - Scott Perry/PA
10/14/2011 6:53:43 AM (3020 views)
Occupiers on Bank Law - Fix It - Leigh Attridge/MA
10/14/2011 8:30:55 AM (5688 views)
Re: I don't... - Robert Franco/OH
10/14/2011 9:24:55 AM (2878 views)
Re: I don't... - Leigh Attridge/MA
10/14/2011 9:33:34 AM (3001 views)
Re: I don't... - Kevin Ahern/CT
10/14/2011 1:34:39 PM (2809 views)
Re: I don't... - Slade Smith/OH
10/14/2011 1:43:44 PM (2770 views)
Re: I don't... - Kurt deVries/FL
10/14/2011 3:04:14 PM (2805 views)
Re: I don't... - Slade Smith
10/14/2011 5:11:29 PM (5660 views)

Yes Barney Frank and Chris Dodd and a whole lot of other people missed the boat on Fannie and Freddie, but I would laugh in the banks' face if they made this argument.  The mortgage bankers actively lobbied for the government to back more loans every step of the way, to smooth the way for more volume, more volume, more volume.  And even though they got just about everything they ever asked for, it wasn't enough for them and many if not most of them either commited outright mortgage fraud or looked the other way as rampant mortgage fraud was occurring within their shops.

If you don't believe me, here's a couple past press releases from the MBA:

Exhibit one:  The mortgage bankers, along with the realtors and home builders, ask for Fannie and Freddie to back even more loans, a year before Fannie and Freddie collapse:

MBA Welcomes OFHEO Move to Raise GSE Portfolio Caps

WASHINGTON, DC (September 19, 2007) — John M. Robbins, CMB, Chairman of the Mortgage Bankers Association (MBA) reacted positively to today’s announcement by the Office of Federal Housing Enterprise Oversight (OFHEO) Director James Lockhart that OFHEO would provide Fannie Mae and Freddie Mac additional flexibility in managing their mortgage portfolios in order to comply with their portfolio caps.

“This is a move in the right direction,” said Robbins. “By providing Fannie Mae and Freddie Mac this additional flexibility, Director Lockhart has taken a helpful step to allow the GSEs to help improve liquidity in the mortgage markets. He has also sent a strong signal that they should use this flexibility to assist distressed and subprime borrowers who are having a difficult time refinancing into a mortgage they can afford.”

Today’s action could allow the GSEs to purchase at least an additional $20 billion in mortgages by changing how the portfolios are measured; increasing the cap on each GSE to $735 billon and allowing the caps to grow at a rate of 2 percent annually. OFHEO will also require Fannie Mae and Freddie Mac to report on market conditions and make a monthly report on purchases of nonprime and multifamily loans.

In August. MBA joined with the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) in writing a letter to OHFEO calling for an increase in the portfolio caps to allow the GSEs to help stabilize the liquidity crisis in the mortgage markets. A copy of that letter can be found here.

 Exhibit two:  We aren't getting enough of a fix at Fannie and Freddie, lets further degrade underwriting standards at FHA as well,  with 40 year mortgages, phony downpayment schemes, and bigger loans, says the MBA as the housing market is about to fall off a cliff:  (LOL @ "underserved borrowers" in 2006-- what were these guys smoking?)

MBA Calls for Legislative Reforms for FHA to Better Reach Underserved Borrowers

(June 20th 2006)--  The viability of the Federal Housing Administration (FHA) is in jeopardy without legislative reform, according to testimony today by Regina M. Lowrie, CMB, chairman of the Mortgage Bankers Association (MBA) and president and founder of Gateway Funding Diversified Mortgage Services, LP. Lowrie testified on behalf of MBA during a Senate Banking Housing and Transportation Subcommittee hearing entitled, "FHA: Issues for the Future."

"FHA's most important role today is to give first-time, minority and low- and moderate-income homebuyers the ability to climb onto the first rung of the homeownership ladder," said Lowrie. "Unfortunately, FHA has been hindered in this role by a statutory framework that does not allow FHA to adapt to changes in the mortgage market and thus be able to better serve borrowers. Without key legislative reforms this year, the future of FHA is in doubt."

MBA believes FHA should be empowered to adapt itself to meet the needs of homebuyers now and in the future. In order to do so, MBA believes the following three reforms are necessary:

  • Flexible authority to introduce new products and program changes, such as a flexible downpayment program, longer mortgage terms, and raising FHA loan limits to the levels in high cost areas;
  • The ability to directly invest a portion of its revenues into technology improvements, which will improve management of its portfolio, gain efficiencies, lower costs and ease interfacing with FHA lenders; and
  • Greater control in managing its human resources to enhance its ability to attract and manage talented and knowledgeable industry professionals.

 

to post a reply: login - or - register


Re: I don't... - Kevin Ahern/CT
10/15/2011 6:14:11 AM (2791 views)
Re: I don't... - William Pattison /CA
10/17/2011 10:27:07 PM (2936 views)
Re: This Is Why they hate you & want you to die - Wyatt Bell/FL
10/14/2011 5:37:59 PM (2998 views)
Re: This Is Why they hate you & want you to die - Bill Garrett/MS
10/17/2011 1:19:48 PM (2908 views)
Re: This Is Why they hate you & want you to die - Wyatt Bell/FL
10/17/2011 4:57:12 PM (5811 views)

The OWLS gain a following - Kevin Ahern/CT
10/13/2011 3:05:00 PM (4446 views)
Re: The OWLS gain a following - Leigh Attridge/MA
10/14/2011 9:33:57 AM (2905 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/14/2011 1:29:54 PM (2931 views)
Re: The OWLS gain a following - Jessica Talley/FL
10/14/2011 4:49:32 PM (2847 views)
Re: The OWLS gain a following - Nils Nelson/ME
10/14/2011 5:45:03 PM (2864 views)
Re: The OWLS gain a following - Scott Perry/PA
10/14/2011 5:50:58 PM (2873 views)
Re: The OWLS gain a following - Anita Backlund/MN
10/17/2011 3:24:41 PM (2811 views)
Re: The OWLS gain a following - Slade Smith/OH
10/17/2011 5:37:10 PM (3018 views)
Re: The OWLS gain a following - Scott Perry/PA
10/17/2011 10:48:23 PM (5465 views)
Re: The OWLS gain a following - Slade Smith/OH
10/18/2011 3:50:42 AM (5612 views)
Re: The OWLS gain a following - Scott Perry/PA
10/18/2011 7:02:51 AM (2940 views)
Re: The OWLS gain a following - Slade Smith/OH
10/18/2011 3:36:20 PM (2833 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/18/2011 7:42:40 AM (2894 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/18/2011 11:36:18 AM (2945 views)
Re: The OWLS gain a following - Anita Backlund/MN
10/19/2011 10:52:41 AM (2667 views)
Re: The OWLS gain a following - Kevin Ahern/AK
10/19/2011 11:07:11 AM (2784 views)
Re: The OWLS gain a following - Anita Backlund/MN
10/20/2011 10:54:14 AM (2840 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/20/2011 10:59:21 AM (2613 views)
Re: The OWLS gain a following - Anita Backlund/MN
10/21/2011 1:06:11 PM (2607 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/21/2011 1:56:44 PM (2680 views)
Re: The OWLS gain a following - Anita Backlund/MN
10/23/2011 11:55:25 AM (2724 views)
Re: The OWLS gain a following - William Pattison /CA
10/17/2011 10:34:05 PM (2945 views)
Re: The OWLS gain a following - Kurt deVries/FL
10/18/2011 5:10:19 PM (2694 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/18/2011 5:24:08 PM (2697 views)
Re: The OWLS gain a following - Jessica Talley/FL
10/18/2011 6:29:31 PM (2848 views)
Re: The OWLS gain a following - William Pattison /CA
10/26/2011 2:29:48 AM (2647 views)
Re: The OWLS gain a following - Kevin Ahern/CT
10/26/2011 6:01:55 AM (2723 views)
Re: The OWLS gain a following - William Pattison /CA
10/28/2011 6:30:05 PM (2669 views)
This Just In... - Scott Perry/PA
10/28/2011 10:10:39 PM (5004 views)

Comment on "Supreme Court to Hear Another RESPA Section 8 Case" - Source of Title/OH
10/12/2011 9:34:28 PM (2740 views)
Tough Decisions Ahead - Wyatt Bell/FL
10/12/2011 9:34:28 PM (2855 views)
Re: Tough Decisions Ahead - Slade Smith/OH
10/13/2011 12:22:20 PM (5620 views)
A Can of Worms - Wyatt Bell/FL
10/13/2011 2:13:46 PM (2795 views)

The Way Forward: Going in Circles - Leigh Attridge/MA
10/12/2011 2:18:08 PM (3519 views)

Helping out a fellow abstractor - Rebecca Cowart/MS
10/12/2011 6:46:33 AM (2906 views)
Re: Helping out a fellow abstractor - Leigh Attridge/MA
10/12/2011 7:38:12 AM (2953 views)
Re: Helping out a fellow abstractor - Robert Franco/OH
10/12/2011 9:50:29 AM (2928 views)

Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 2:15:03 PM (3027 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 3:22:57 PM (3086 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 3:53:09 PM (2994 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 5:19:06 PM (3009 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 6:47:28 PM (2884 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 7:03:28 PM (2965 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 7:59:12 PM (2904 views)
Re: Mis-using RESPA SECTION 9 ? - Patrick Scott/IL
10/10/2011 7:14:44 PM (2857 views)

Boston National in NC Bad Pay - Deborah Jackson/GA
10/10/2011 11:37:52 AM (3044 views)
Re: Boston National in NC Bad Pay - Leigh Attridge/MA
10/10/2011 11:47:30 AM (3094 views)
Re: Boston National in NC Bad Pay - Jessica Talley/FL
10/10/2011 3:56:05 PM (3120 views)
Re: Boston National in NC Bad Pay - F P/VA
10/12/2011 7:10:49 AM (3007 views)
Re: Boston National in NC Bad Pay - Deborah Jackson/GA
10/17/2011 1:41:08 PM (2943 views)
Re: Boston National in NC Bad Pay - Jessica Talley/FL
10/18/2011 9:13:36 AM (2965 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8956 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

How Another War in the Middle East Could Impact the Housing Market
Marissa Berends's Blog
2025/06/30
0 comments

The Aging of the American Homebuyer: A 40-Year Shift and Its Economic Impact
Marissa Berends's Blog
2025/06/20
0 comments

The Implications of Publicizing Fannie Mae and Freddie Mac
Marissa Berends's Blog
2025/06/18
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

NAR Pending Home Sales Report Reveals 1.8% Increase in May
"Consistent job gains and rising wages are modestly helping the housing market," said NAR Chief Economist Lawrence Yun. ...
Mortgage Applications Increase in Latest MBA Weekly Survey
“The combination of the ongoing conflict in the Middle East, current economic conditions, and last week’s FO...
Elevated Rates, Challenging Affordability Conditions Put a Damper on New Home Sales
“Housing affordability conditions have pushed more buyers to the sidelines, as reflected in our latest builder sur...
Title Resources Group Appoints Natasha Branch as Underwriting Counsel for North Carolina
Title Resources Group, one of the nation's leading title insurance underwriters, is pleased to welcome Natasha Branch as...
ZOCCAM, U.S. Bank and Stewart Title launch solution for faster, more secure title payments with Request for Payment
"Real Time ZOCCAM’s use of Request for Pay is combatting wire fraud by removing the need to send or receive wiring...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.