|
|
2 big players drop 'declining' markets policy -
Summary from United States, from articles in English
|
WASHINGTON - The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying mortgages involving lenders' in-house appraisers, a deal intended to protect buyers from fraudulently inflated home prices. (article 1)
The two government-sponsored companies, which own or guarantee about 45 percent of the $12 trillion in U.S. home loans, agreed to buy only mortgages for which appraisals are made by firms independent from lenders (article 1)
The economic stimulus package signed by President Bush in February temporarily raised the maximum size of conforming mortgages that Fannie and Freddie can purchase and bundle into securities sold to investors. (article 3)
The limit, which is to expire at year's end, was raised from $417,000 to as high as $729,750 in expensive parts of the country. (article 3)
With Democrats and Republicans banding together to push the plan through the Senate banking committee on a 19-2 vote Tuesday, the chances for a broad election-year housing aid package have increased substantially. (article 3)
A loss of confidence among lenders has also put a damper on sales, as even Americans who are eager to buy a home find themselves unable to procure mortgages from lenders who have tightened their standards. (article 4)
|
Other stories about loans, mortgage and Lenders:
Event tracking:
Story keywords
|
loans, mortgage, Lenders, Credit, borrowers |
Source articles
- Fannie-Freddie agreement protested - (baltimoresun.com, 06/04/2008, 205 words)
- 2 big players drop 'declining' markets policy - (baltimoresun.com, 06/04/2008, 452 words)
- Bill to aid housing may crimp market - (baltimoresun.com, 06/04/2008, 600 words)
- Home sales and prices continue to go downhill - (baltimoresun.com, 06/04/2008, 258 words)
|
|
blaster@cs.columbia.edu
|
