Comments on: Risk retention threatens lenders, consumers

By: Bob Rice

Bob Rice — Thu, 11 Mar 2010 18:24:43 +0000

Eventually the government will require every borrower to apply directly to FHA, Fannie Mae or Freddie Mac. Then their socialist dream will come true and the government alone will decide who gets to own a home and who doesn't.

By: “Lotta Change” in mortgage industry | InsideRealEstateNews.com

“Lotta Change” in mortgage industry | InsideRealEstateNews.com — Wed, 10 Mar 2010 21:53:04 +0000

[...] For example, he does not think that Congress will pass new “risk-retention” legislation, which would require lenders to put aside 5 percent to 10 percent of the amount of loans sold into secondary markets. (For an earlier blog on this subject, please visit this link.) [...]

By: Newsletter » Blog Archive » FISHER FRIDAY FLYER-MARCH 5, 2010

Newsletter » Blog Archive » FISHER FRIDAY FLYER-MARCH 5, 2010 — Fri, 05 Mar 2010 19:08:18 +0000

[...] Mortgage Banking Industry Threatened. It is estimated new rules & regulations may eliminate 1/3 of all mortgage companies! [...]

By: Glyn

Glyn — Thu, 04 Mar 2010 03:37:56 +0000

This is very scary. I dread the thpought of only the Too Big to Fail banks handling nearly all home loans. What a monopoly they would have!!!!!

By: Jeffbernard

Jeffbernard — Thu, 04 Mar 2010 03:07:07 +0000

This is yet another great article from this blog on a provocative issue facing real estate lenders and the aggregate real estate industry. Moreover, raising public awareness on this issue is a crucial necessity right now.__Simply stated, there are numerous problems associated with this legislation. Part of the goal of both Keynesian style stimulus attempts was to increase liquidity and stimulate responsible lending. The most logical approach to responsible financial liquidity, and thus the restoration of the mortgage lending process, is responsible regulation, while maintaining healthy competition within the marketplace. Mortgage brokers like Universal Lending and its counterparts are, in my opinion, the cornerstone of healthy competition in our mortgage lending marketplace.__Universal Lending—used as an example her for many responsible mortgage brokers and small mortgage bankers—offers consumers a variety of choices in the marketplace. Additionally, these entities are not associated with legislative lobbying efforts that strongly influencing Congress to act for selfish purposes

By: James Spray

James Spray — Thu, 04 Mar 2010 02:01:06 +0000

This ill advised concept will truly hurt mortgage consumers. I do not just mean home buyers and those who refinance. I mean an entire industry. This will give the too big to fail banks total control over home lending. Be very careful and be very fearful of this ill conceived concept.

By: S.Robert August

S.Robert August — Thu, 04 Mar 2010 00:44:05 +0000

Another interesting and concerning article filled with insights for an industry trying to recover. Our Realtors, home builders, remodelers and consumers should all be made aware of these issues.__John, thank you for educating your readership. __You should also share this article with your associates nationwide affiliated with the National Association of Real Estate Editors.__The more everyone understands the concerns, the more we can find a positive solution.__ONwards and UPwards!

By: Risky loans more likely to default | InsideRealEstateNews.com

Risky loans more likely to default | InsideRealEstateNews.com — Wed, 03 Mar 2010 17:25:19 +0000

[...] The finding makes clear that policymakers should distinguish between traditionally underwritten mortgages and riskier products as the Senate considers requiring across-the-board risk retention legislation that would make homeownership more expensive for millions of Americans, according to the Washington, D.C.-based coalition that represents the interests of independent mortgage companies across the nation. (For a detailed article on risk retention, please visit this link.) [...]