TITLE

Former FHFA Chief: Signs of Hope Bloom

PUB. DATE
November 2009
SOURCE
Mortgage Servicing News;Nov2009, Vol. 13 Issue 10, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the perspective of James Lockhart, former director of the Federal Housing Finance Agency, concerning the condition of the housing market in the U.S. He notes that potential homebuyers are still waiting for the right time for them to decide when to buy a property. Lockhart adds that they are willing to buy, but fear that the value will fall by 10% after purchasing. He predicted that the success of the sector lies on the success of two government-mandated mortgage program.
ACCESSION #
45347685

 

Related Articles

  • Reports on GSEs' Capital Put on Hold. Sloan, Steven // American Banker;10/10/2008, Vol. 173 Issue 197, p20 

    The author reports that quarterly classifications by the U.S. Federal Housing Finance Agency (FHFA) for the companies Fannie Mae and Freddie Mac will be stopped temporarily. The author states that the classifications will not be made while Freddie Mac and Fannie Mae are under conservatorship....

  • Board OKs Seattle FHLB Plan. Shenn, Jody // American Banker;6/23/2005, Vol. 170 Issue 120, p4 

    Reports that the Federal Housing Finance Board has approved the Federal Home Loan Bank of Seattle's plan to let members take out new advances without investing more money in the troubled cooperative. Expansion of members' borrowing capacity by $14 million due to the plan.

  • Foreclosures Up, Overdues Down. Harmon, Jennifer // National Mortgage News;5/11/2009, Vol. 33 Issue 32, p3 

    The article cites a report from Lender Processing Services Inc. (LPS) which revealed that foreclosure starts are continuing to increase to record highs but total delinquencies decline in March 2009 in the U.S. According to the report, the month's foreclosure rate was 2.52%, a month-over-month...

  • FHFB Loosens Downpayment Cap.  // National Mortgage News;9/23/2002, Vol. 27 Issue 1, p8 

    Reports the decision of the U.S. Federal Housing Finance Board to loosen its restrictions on the of amount of downpayment assistance contributed by Federal Home Loan Banks to homebuyer programs.

  • Lockhart Interprets Refi Rules for GSEs. Berry, Kate // American Banker;2/23/2009, Vol. 174 Issue 35, p11 

    The article reports that James Lockhart, director of the U.S. Federal Housing Finance Agency, ruled that homeowners may refinance so-called "underwater" mortgage loans worth more than the market value of their homes with government-owned businesses Fannie Mae and Freddie Mac without purchasing...

  • Feds consider changes for seized foreclosures. Soule, Alexander // Westchester County Business Journal;1/23/2012, Vol. 48 Issue 4, p20 

    The article discusses the issues concerning the seize foreclosures of homes in the U.S. It mentions that the Federal Housing Finance Agency has obtained some 4,000 contributions as it ponders a standard program to assist banks rent the houses the now own. Moreover, it notes that over 600...

  • Streamlining the Streamlined. Colter, Allison Bisbey // American Banker;2/12/2009, Vol. 174 Issue 29, p8 

    This article reports that Fannie Mae and Freddie Mac will be streamlining their loan modification program to accommodate more borrowers. James Lockhart of the Federal Housing Finance Agency said that they were disappointed with the results of the program and that they would be more aggressive in...

  • GSEs May Be Forced To Deal on Loan Mods. Adler, Joe; Flitter, Emily // American Banker;9/10/2008, Vol. 173 Issue 175, p1 

    The author reports that the companies Fannie Mae and Freddie Mac may be required by the U.S. Federal Housing Finance Agency to start handling loan modifications. Comments by James Lockhart, the director of the Federal Housing Finance Agency, regarding the agency's efforts to require Fannie Mae...

  • GINNIE MAE'S ROSENFELD APPOINTED FHFB CHAIRMAN.  // Mortgage Banking;Jan2005, Vol. 65 Issue 4, p12 

    The article reports that Ronald A. Rosenfeld, formerly president of Ginnie Mae, took the oath of office to become a member and chairman of the Federal Housing Finance Board (FHFB). He was nominated to the FHFB in October 2004 by U.S. President George W. Bush and designated chairman through a...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics