Rising Foreclosures In The United States A Perfect Storm
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Author |
: Kelly D. Edmiston |
Publisher |
: DIANE Publishing |
Total Pages |
: 347 |
Release |
: 2008-05 |
ISBN-10 |
: 9781428988934 |
ISBN-13 |
: 1428988939 |
Rating |
: 4/5 (34 Downloads) |
Synopsis Rising Foreclosures in the United States: A Perfect Storm by : Kelly D. Edmiston
In the second qtr. of 2007, the share of outstanding mortg. in some stage of foreclosure (FC) stood at 1.4%, up from less than 1% a year earlier. The number of mortg. entering the FC process reached an all-time high in mid-2007. The FC surge was created by a perfect storm of events. First, the share of sub-prime mortg. originations increased. Second, FC rates for adjustable-rate mortg. (ARMs) have increased, esp. for sub-prime ARMs. Finally, high loan-to-value originations, coupled with stagnant or falling home prices, have left many people with insufficient equity to sell or to refinance their homes. Here is a dissection of the current FC surge. Discusses why the FC situation is likely to get worse over the next 2-3 years & why it is likely to improve afterward. Illus.
Author |
: Oonagh McDonald |
Publisher |
: A&C Black |
Total Pages |
: 494 |
Release |
: 2013-07-18 |
ISBN-10 |
: 9781780935232 |
ISBN-13 |
: 1780935234 |
Rating |
: 4/5 (32 Downloads) |
Synopsis Fannie Mae and Freddie Mac by : Oonagh McDonald
The book demonstrates how politicians and federal agencies dominated Fannie Mae and Freddie Mac and took just thirteen years to wreck the American dream of home ownership.
Author |
: John A. Fliter |
Publisher |
: University Press of Kansas |
Total Pages |
: 232 |
Release |
: 2012-09-05 |
ISBN-10 |
: 9780700618729 |
ISBN-13 |
: 0700618724 |
Rating |
: 4/5 (29 Downloads) |
Synopsis Fighting Foreclosure by : John A. Fliter
In the depths of the Great Depression, when foreclosure rates skyrocketed across the United States, more than two dozen states passed mortgage-extension or -adjustment laws to help farmers and homeowners keep their properties. One such statute in Minnesota led to the most important property law case of its time and still casts a long shadow upon constitutional debates and our own era's severe economic downturn. Fighting Foreclosure marks the first book-length study of the landmark 1934 Supreme Court decision in Home Building and Loan Association v. Blaisdell, which, by a 5-4 vote, upheld the Minnesota Mortgage Moratorium Act. On the one hand, Blaisdell validated efforts by states to offer legislative relief to citizens struggling to keep their farms and homes. On the other, it caused an outcry among banking interests and conservative legal theorists, who argued that these laws violated the Contract Clause of the Constitution and interfered with our free market system. In his majority opinion, Chief Justice Charles Evans Hughes argued that the reasonable and limited nature of the law and the unusual severity of the emergency it addressed placed it firmly within the "police powers" of the states to protect the health and safety of the people. In a strongly worded dissent, Justice George Sutherland argued for a consistent and strict interpretation of the Contract Clause regardless of economic exigency. John Fliter and Derek Hoff provide a concise history and analysis of not only this landmark case and the reasoning behind its sharply divided decision but also of the entire history of the Contract Clause. They trace closely the agricultural crisis, political pressures, and farmer-protest movement that produced the Minnesota law. And their study contributes to scholarly debate about the origins of the Constitutional Revolution of 1937, by which the Supreme Court accepted the New Deal, as well as to public debates about constitutional interpretation and the role that government should play in providing relief to distressed citizens. In the midst of our nation's ongoing suffering from massive foreclosures and bankruptcies, Fighting Foreclosure also offers a potent reminder that the High Court's decisions often revolve around lives at risk as much as abstract legal debates.
Author |
: Federal Reserve Bank of Kansas City |
Publisher |
: |
Total Pages |
: 502 |
Release |
: 2010 |
ISBN-10 |
: UCSD:31822038336152 |
ISBN-13 |
: |
Rating |
: 4/5 (52 Downloads) |
Synopsis Economic Review by : Federal Reserve Bank of Kansas City
Author |
: Adam Michaelson |
Publisher |
: Penguin |
Total Pages |
: 372 |
Release |
: 2009-01-06 |
ISBN-10 |
: 9781440661938 |
ISBN-13 |
: 1440661936 |
Rating |
: 4/5 (38 Downloads) |
Synopsis The Foreclosure of America by : Adam Michaelson
Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider's knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.
Author |
: Allen C. Goodman |
Publisher |
: DIANE Publishing |
Total Pages |
: 45 |
Release |
: 2010-10 |
ISBN-10 |
: 9781437935486 |
ISBN-13 |
: 1437935486 |
Rating |
: 4/5 (86 Downloads) |
Synopsis Housing Default by : Allen C. Goodman
Using a national loan level data set, the authors examine loan default as explained by local demographic characteristics and state level legislation that regulates foreclosure procedures and predatory lending through a hierarchical linear model. They observe significant variation in the default rate across states, with lower default levels in states with higher temporal and financial costs to lenders when controlling for loan and location conditions. The results are notable given that many of the observed loans were sold to investors in national and international markets. State level legislative influences provide a foundation for discussion of national level policy that further regulates predatory lending and financial institution foreclosure activities. Charts and tables.
Author |
: Ralph R. Roberts |
Publisher |
: John Wiley & Sons |
Total Pages |
: 221 |
Release |
: 2008-07-23 |
ISBN-10 |
: 9780470392577 |
ISBN-13 |
: 0470392576 |
Rating |
: 4/5 (77 Downloads) |
Synopsis Foreclosure Myths by : Ralph R. Roberts
Learn the whole truth about foreclosures and discover some real bargains with the myth-busting information in Foreclosure Myths: 77 Secrets to Saving Thousands on Distressed Properties!. Find out the truth about seventy-seven persistent myths that prevent would-be homeowners and real estate investors from taking advantage of tremendous profit potential. Understand how to find, evaluate, and buy foreclosure properties at a discount, including how you can use other people's money to finance your investments through firsthand stories from top industry professionals and handy resources like government foreclosure guidelines.
Author |
: United States. Congress. Senate. Committee on Appropriations. Subcommittee on Transportation and Housing and Urban Development, and Related Agencies |
Publisher |
: |
Total Pages |
: 356 |
Release |
: 2008 |
ISBN-10 |
: PSU:000063520606 |
ISBN-13 |
: |
Rating |
: 4/5 (06 Downloads) |
Synopsis Departments of Transportation and Housing and Urban Development, and Related Agencies Appropriations for Fiscal Year 2008 by : United States. Congress. Senate. Committee on Appropriations. Subcommittee on Transportation and Housing and Urban Development, and Related Agencies
Author |
: |
Publisher |
: Elsevier |
Total Pages |
: 3870 |
Release |
: 2012-10-09 |
ISBN-10 |
: 9780080471716 |
ISBN-13 |
: 0080471714 |
Rating |
: 4/5 (16 Downloads) |
Synopsis International Encyclopedia of Housing and Home by :
Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts
Author |
: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity |
Publisher |
: |
Total Pages |
: 128 |
Release |
: 2010 |
ISBN-10 |
: PURD:32754081262838 |
ISBN-13 |
: |
Rating |
: 4/5 (38 Downloads) |
Synopsis H.R. 476, the Housing Fairness Act of 2009 by : United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity