AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Is Relief Needed for Prime ARMs Too?
Washington -- Treasury secretary Henry Paulson hinted last week that the teaser-freezer program for subprime borrowers may need to be expanded to prime borrowers who are facing problems making payments on their adjustable-rate mortgages.
The Treasury secretary said Hope Now servicers are working at an intense pace to implement a systematic approach for assisting subprime borrowers who are expected to fall behind on payments once their 2/28 or 3/28 ARM resets to a higher rate.
We expect most servicers to begin fast-tracking borrowers in the next few weeks, Mr. Paulson told the New York Society of Securities Analysts last week.
He also stressed that Treasury needs to monitor this restructuring effort to measure its effectiveness and to make adjustments if needed. This may include using elements of a systemic approach for adjustable-rate mortgages other than subprime if it will ...
- Bush Wants FHA to Help Refinance Troubled Subprime Borrowers.
- News wire article from: Mortgage Line Collins, Brian November 20, 2007 700+ words
...lifeline for drowning subprime borrowers. "We are considering...to help certain subprime borrowers refinance into...But last week Treasury secretary Henry Paulson acknowledged...to refinancing subprime borrowers that have been...
- Bush Wants FHA to Help Refinance Troubled Subprime Borrowers.(United States....
- Magazine article from: Mortgage Servicing News Collins, Brian October 1, 2007 700+ words
...lifeline for drowning subprime borrowers. "We are considering...to help certain subprime borrowers refinance into...But last week Treasury secretary Henry Paulson acknowledged...to refinancing subprime borrowers that have been...
- FHA Already Poised for Refis: The FHA already has launched a program designed...
- Magazine article from: National Mortgage News Collins, Brian December 10, 2007 700+ words
...over one million subprime borrowers. Boston Federal...And over 50% of subprime borrowers have credit scores...program. Meanwhile, Treasury secretary Henry Paulson called...estimated 240,000 subprime borrowers. "The administration...
- Defining 'Subprime' Borrowers.
- Magazine article from: Origination News Sichelman, Lew August 1, 2007 700+ words
...best terms. But just who are these subprime borrowers we keep hearing about? And why are...According to the MBA, moreover, most subprime borrowers are making their house payments on...current. Yes, the default rate for subprime borrowers is much higher than that of prime...
- GSEs offer new products to help troubled subprime borrowers.(Briefing...
- Magazine article from: Mortgage Banking May 1, 2007 700+ words
...programs and steps to help troubled subprime borrowers. [ILLUSTRATION OMITTED] Freddie...stable financing alternatives for subprime borrowers, while fellow GSE Fannie Mae unveiled...what they are already doing to help subprime borrowers facing financial difficulties, according...
- Borrower Profile: Mr., Mrs. America. (subprime borrowers)(Brief Article)
- Magazine article from: American Banker TIMMONS, HEATHER November 5, 1997 700+ words
Subprime borrowers are more middle-of-the-road...survey. But overall, incomes of subprime borrowers are lower than those of the nation as a whole. More than 75% of subprime borrowers have household incomes of less than...
- Subprime borrowers pay cards first.
- Newspaper article from: Orange County Register (Santa Ana, CA) June 23, 2007 700+ words
...Not any more -- at least not for subprime borrowers. A new study by Experian, the Costa...information services company, shows that subprime borrowers are now paying their credit cards...may be that financially-strapped subprime borrowers can make the minimum payment to keep...
- Officials Eye FHA as Tool to Rescue Troubled Subprime Borrowers: 'This would...
- Magazine article from: National Mortgage News Collins, Brian April 16, 2007 700+ words
...agency to help delinquent subprime borrowers who are facing foreclosure...based premiums and serve more subprime borrowers. And they continue to tout...legislation as a way to help subprime borrowers. "Modernizing the FHA would...