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Political Season.(mortgage industry)
There's bad news and more bad news for mortgage companies in this election year season. First, the bad news. Despite a record high homeownership rate, neither presidential candidate - nor their respective parties - are talking much about housing policy on the campaign trail. Actually, this might good news. Why fix what's not broken?
Then there's the additional bad news to consider. When housing finance is mentioned on the campaign trail this year, it's usually in the context of "predatory lending." The Democratic nominee, John Kerry, pledged to seek a national law protecting consumers from predatory lending practices.
But even this may be good news upon closer inspection.
Rather than attacking the proposal as a smear against lenders or a potentially burdensome new regulation, lending trade groups that represent mortgage bankers and mortgage brokers came out supporting the Kerry position.
That's because a national standard - which would pre-empt a patchwork of state and local laws dealing with predatory lending - is exactly what the mortgage industry has been seeking.
Lenders already have lined up support for this idea from some prominent ...
- Building on more solid ground: the mortgage industry is reeling from a period...
- Magazine article from: Mortgage Banking Gooch, Fredric J. September 1, 2007 700+ words
The modern era of baseball has been dubbed by some the "steroid era." Most agree the offensive explosions and recent record-setting achievements by some ballplayers may be at least partially attributed to the use of performance-enhancing drugs. Major League Baseball has responded to these claims
- EDITORIAL: No Joy In Mortgageville: SUBPRIME CRISIS COULD BE BAD NEWS FOR...
- News wire article from: Philadelphia Daily News (Philadelphia, PA) March 15, 2007 700+ words
...especially when it comes to our predictions of bad news. But the meltdown of the subprime-mortgage industry, including the troubles of one of its giants...000 a month -- and those high numbers are bad news for families, neighborhoods and the city...
- Mortgage industry "cautious" after May rates hike: Australia's mortgage...
- Magazine article from: Australian Banking & Finance June 15, 2006 700+ words
...mortgage holders have been prepared for bad news in the leadup to the RBA's decision...rates was sparking more interest in the mortgage industry, evidenced by consumers shopping around...confident about the outlook for the mortgage industry and has launched a national recruitment...
- 'Discover Why This Mortgage Industry Professional is MASSIVELY Increasing His...
- Press release article from: PR Newswire November 14, 2007 700+ words
...wisdom, you'd believe the mortgage industry was "dead in the water" and...present challenges to today's mortgage industry professionals, it's nothing...low-rate terms! And this is bad news for a lot of borrowers! Ninety...
- Another $2 Trillion Year?(Mortgage industry predictions for 2003)(Industry...
- Magazine article from: Origination News Muolo, Paul December 30, 2002 700+ words
It's hard to fathom but the mortgage industry might actually have another $2 trillion-plus year in 2003...or existing homes) will stay red hot in 2003. The only bad news for the industry is that production could decline significantly...
- Subprime-lending index hit by latest mortgage-industry woes.
- News wire article from: The America's Intelligence Wire March 12, 2007 700+ words
...sharply Monday, after besieged New Century Financial Corp. said that its lenders are cutting off its credit lines, while other bad news piled on the troubled sector. The spread of the benchmark ABX index -- which covers the credits of many of the largest lenders...
- Editorial: Good News, Bad News.(Editorial)
- News wire article from: Mortgage Line June 30, 2008 700+ words
...There's good news and bad news from an address given...made this year. The bad news is that they and the...good news to see the mortgage industry become so completely...for it. Now that the mortgage industry has been re-established...
- Deficit Is Bad News.
- Magazine article from: Mortgage Servicing News March 1, 2004 700+ words
...likely to have an impact on the mortgage industry's business environment. The...sector's access to capital is bad news for lenders, and federal budget...environment that has allowed the mortgage industry to thrive may not persist...
- The Good News: There Are Ways To Break The Bad News.(credit report problems)
- Magazine article from: Credit Union Journal Downing, Richard, Jr. March 10, 2003 700+ words
...credit scoring. Since those of us in the mortgage industry are exposed to this information every...amounts. Were you aware of this?" Once bad news is received, members sometimes take...to absorb the news. If it's really bad news that you're sharing, then have some...
- The Good News: There Are Ways To Break The Bad News.
- News wire article from: Banking Wire Downing, Richard, Jr. March 14, 2003 700+ words
...credit scoring. Since those of us in the mortgage industry are exposed to this information every...amounts. Were you aware of this?" Once bad news is received, members sometimes take...to absorb the news. If it's really bad news that you're sharing, then have some...
Source: HighBeam Research, Political Season.(mortgage industry)