Posts Tagged ‘rules’
‘Irresponsible’ mortgage lenders rapped as new EU rules come in
April 1st, 2011‘Irresponsible’ mortgage lenders rapped as new EU rules come in Mortgage borrowers will get more protection than ever before from unscrupulous lenders under proposals from the European Union. Read more on Daily Telegraph
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Why the New Mortgage Risk Rules May Fail
March 30th, 2011Why the New Mortgage Risk Rules May Fail Yesterday financial regulators proposed a set of rules intended to lower mortgage defaults by requiring banks to retain five percent of the risk when they package home loans as securities. Unfortunately, the plan relies on banks to adequately self-regulate their lending practices—something they’ve shown time and again [...]
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Ottawa tightens mortgage rules to curb household debt
January 17th, 2011Ottawa tightens mortgage rules to curb household debt Federal finance minister Jim Flaherty announced Monday morning in Ottawa regulatory changes to government-backed insured mortgages – changes designed to… Read more on Business in Vancouver
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FHA chief: New rules can restore mortgage business
January 16th, 2011FHA chief: New rules can restore mortgage business Federal Housing Administration Commissioner David Stevens told a group of New England mortgage leaders Friday at Foxwoods Resort Casino that reining in the home-loan industry “is a natural outcome of almost taking down the entire United States economy.” Read more on The Day
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Korean Builders to Rebound on Easing Mortgage Rules, Tax Breaks, BNP Says
August 31st, 2010Korean Builders to Rebound on Easing Mortgage Rules, Tax Breaks, BNP Says South Korea’s construction stocks, the second-worst performing group on the benchmark Kospi Index this year, will rebound after the government eased mortgage rules and extended tax breaks, according to BNP Paribas. Read more on Bloomberg
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Ginnie Mae Mortgage-Bond Dealers Violated `TBA’ Contract Rules, Group Says
July 17th, 2010Ginnie Mae Mortgage-Bond Dealers Violated `TBA’ Contract Rules, Group Says The Securities Industry and Financial Markets Association said certain dealers of Ginnie Mae mortgage bonds failed to conform to the trade group ’s guidelines, amid concern that some dealers may have been recently using inappropriate tactics to profit in the market. Read more on Bloomberg
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Mortgage shoppers stand to gain under new rules
June 27th, 2010Mortgage shoppers stand to gain under new rules CHICAGO – Nestled within the massive financial reform package that a House-Senate panel approved early Friday morning are consumer protections that could change the way people shop for a mortgage. Read more on The Tennessean
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