Increased Incentives for Mortgage Modifications

10/23/2008

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FDIC Chair Promotes Increased Incentives for Mortgage Modifications   Thu, 23 Oct 2008 12:22:13 EST While the media today focused mostly on the testimony of former Federal Reserve Chairman Alan Greenspan before the Senate Banking Committee, there was other news coming out of the hearing. Federal Deposit Insurance Corporation Chairperson Sheila Bair told lawmakers about her plans to use methods pioneered by several existing programs to encourage mortgage servicers to increase the pace of loan modifications for homeowners facing foreclosure. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Dual Hearings on Financial Crisis CNBC Videos 10/23/2008 11:57:23 AM The House and Senate take a look at solutions to repair the financial system, with CNBC's Hampton Pearson, Scott Cohn and Bill Seidman Lawmakers Grill Greenspan CNBC Videos 10/23/2008 12:38:04 PM Insight on the two hearings on Capitol Hill about the credit crisis, with CNBC's Scott Cohn Goldman Sachs Slashes Jobs CNBC Videos 10/23/2008 9:38:46 AM The firm plans to cut 10% of 32,500 employees, reports CNBC's David Faber Alan Greenspan Testimony CNBC Videos 10/23/2008 10:58:01 AM Former Fed Chairman Alan Greenspan testifies before the House Oversight Committee   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

NAR Presents Four-Point Stimulus Proposal

10/22/2008

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NAR Presents Four-Point Stimulus Proposal   Wed, 22 Oct 2008 10:55:07 EST The National Association of Realtors? (NAR) stayed right on message as it proposed a four-point plan for Congress to enact to resuscitate the housing market and including yet another plea to keep banks out of the real estate business. The plan, revealed in a statement made late last week and in the NAR President's Podcast released on October 21, calls for a special "lame-duck" session of Congress and asks that it consider the following, what it calls "consumer-driven" provisions to boost the economy and soothe the nerves of jittery homebuyers... Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. KfW Offices Raided CNBC Videos 10/22/2008 11:43:49 AM German authorities raided the offices of state bank KfW Monday over alleged questionable transfers to Lehman Brothers. CNBC's Silvia Wadhwa has more. Quicken Loans CEO on Mortgages, Economy CNBC Videos 10/22/2008 11:52:06 AM Quicken Loans CEO Dan Gilbert discusses mortgage loans and the overall economy with CNBC. California Home Sales & the Economy CNBC Videos 10/22/2008 1:51:34 PM Positive news about the state's home sales, with CNBC's Jane Wells; Mike Larson, Weiss Research and Jon Hilsenrath, Wall Street Journal Rating Agencies on the Hill CNBC Videos 10/22/2008 9:23:58 AM The role of rating agencies in the financial crisis will be examined today on Capitol Hill. Rep. Elijah Cummings, D-Md., shares his preview of the hearing.   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

F.B.I. Overwhelmed by Crisis-Related Crime

10/21/2008

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F.B.I. Resources Overwhelmed by Crisis-Related Crime   Tue, 21 Oct 2008 13:00:35 EST More happy news from the economic front:? it is possible that the perpetrators of the mortgage mess, the stock market nose dive, and a whole bunch of other peripheral crimes might just get away with it. The New York Times and the Associated Press are both reporting that the Federal Bureau of Investigation is overwhelmed by reports of possible criminal activity arising out of recent events, and, unless they can increase staffing in some of its divisions, might have to raise its own hands in surrender. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Tough Quarter for Regional Banks CNBC Videos 10/21/2008 10:19:56 AM A look at the trouble regional banks have faced recently, with CNBC's David Faber Fed's New Money Market Program CNBC Videos 10/21/2008 10:34:30 AM Details on the Fed's plan for money markets, with CNBC's Steve Liesman Government Called to Buy Big Mortgages After "Jumbo" Loan Market Stalled Last Year Bloomberg 10/21/2008 11:27:42 AM Mortgage Bankers Want Fannie and Freddie Limit Raised to 625K; More Loans Sought for NY and California; Emergency Measures Expire at Year-End Paulson at the NYSE CNBC Videos 10/21/2008 2:11:13 PM Treasury Secretary Henry Paulson makes an appearance at the NYSE. Pension Plans Hit By Market Mess CNBC Videos 10/21/2008 3:09:47 PM Company pension plans are underfunded by nine percent, reports CNBC's Scott Cohn. Mortgage Industry in the Spotlight CNBC Videos 10/20/2008 7:43:47 PM CNBC's Diana Olick has the highlights from the Mortgage Bankers Associaion's annual conference. Mortgage Bankers Weigh In CNBC Videos 10/20/2008 9:04:30 PM Mortgage bankers Mary Ann McGarry, of Guild Mortgage; Regina Lowrie, of Vision Mortgage Capital; and David Kittle, of Wholesale Lending, discuss the mortgage market.   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

A Look at the FDIC's New Temporary Liquidity Guarantee Program

10/16/2008

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FDIC Offers Additional Insurance and Debt Guarantees   Thu, 16 Oct 2008 09:10:34 EST The Federal Deposit Insurance Corporation (FDIC) announced on Tuesday that it was instituting a new program, the Temporary Liquidity Guarantee Program, as yet another government attempt to strengthen confidence in the nation's banks and, hopefully to loosen credit mechanisms. The program will fully protect certain senior unsecured debt issued by participating financial institutions on or before June 30 of next year in the event the issuing institution or its holding company subsequently fails or files for bankruptcy. The guarantee covers promissory notes, commercial paper, inter-bank funding, and any unsecured portion of secured debt. The guarantee would be good through June 30, 2012 even if the debt maturity is after that date. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Nouriel Roubini on the Financial Crisis YouTube 10/16/2008 10:01:00 AM Nouriel Roubini on the Financial Crisis Paulson on the Markets, Pt. 2 CNBC Videos 10/15/2008 7:59:10 PM Treasury Secretary Henry Paulson shares his outlook on the markets. Paulson on the Markets, Pt. 1 CNBC Videos 10/15/2008 7:59:10 PM Treasury Secretary Henry Paulson shares his outlook on the markets. The Candidates' Economic Plans CNBC Videos 10/15/2008 9:45:45 PM Discussing the candidates' economic and job creation programs, with Democratic presidential candidate, Barack Obama and Republican presidential candidate John McCain. Banks Improving Core Capital CNBC Videos 10/16/2008 5:45:29 AM The bank refinancing of the recent months shows that governments are encouraging banks to increase their tier one capital ratios, Bob Parker from Credit Suisse told CNBC Thursday. Citi Earnings CNBC Videos 10/16/2008 7:59:59 AM Reaction to Citigroup's earnings, with Jeffery Harte, Sandler O'Neill managing director, equity research   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.