| |
bail out: Federal economic crisis response - 10/06/08 09:13 PM
With the passage of the Emergency Economic Stabilization Act , the $700 billion bailout, the President's Working Group on Financial Markets has been established. Today the Treasury Department put out a press release describing the broad range of resources that is being used to search solutions for the growing economic crisis.
The working group is coordinating national agencies and cooperating with world wide market participants and regulatory agencies to restore stability in the global market.
•· Treasury, the Federal Reserve and the FDIC are using the powers in the EESA (the bailout bill) to strengthen financial institutions by improving balance sheets … (6 comments)
|
bail out: Bad mortgages first cause or first sign? - Reserve Board's new home loan policy - 07/15/08 10:41 PM
Mortgage defaults and rising foreclosures are among many troubling headlines in our economy, but can subprime lending problems really be the cause behind all these trends.
Amidst the clamor over mortgage and world financial markets, IndyMac failing, Fannie and Freddie woes, GMC layoffs, and the debate on the housing bill, the Federal Reserve Board approved the final rule for home mortgage regulations.
The final rule establishes a category of high priced loans and offers consumer protection for loans in that category.
•1. Must base lending decision on borrower income and assets
•2. Income and assets used to qualify must be documented
… (6 comments)
|
|
|
|
|
|
Richard Smith FHA VA Rural Development in TN GA
Chattanooga,
TN
More about me…
Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343
Office Phone: (423) 280-0345
Cell Phone: (423) 280-0345
Email Me
NMLS ID: 184479; GA – 28928; TN – 40161;
1961 Northpoint Blvd., Suite 110, Chattanooga, TN 37343,
Company NMLS ID:
Start Your Approval Process Here
Mortgages, home loans, real estate market, home purchase and refinance lending, renovation, FHA 203k, investment, first time home buyer, local events in Chattanooga, Knoxville, Cleveland, Nashville, Memphis, North Georgia, Hamilton, Bradley, Sequatchie, Catoosa, Walker, Davidson, Tennessee, Georgia.
follow richardbsmith at http://twitter.com
Read my regular monthly article in Scotsman Guide - The Fine Print
 |
|
  |
|
Lead Article: Inside the Reg Z Maze |
 Listings
Links
Archives
|
;)
;)
;)
