Cooling Housing Market Prompts Closer Scrutiny of Some Lenders

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

A U.S. government entity that insures bonds backed by mortgages made to people with limited resources worries about risks from nonbank lenders

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So the 'good mortgages' are not bundled and sold....just saying.

They should have thought about this before instituting the program. Govt: too little too late because no cost control sales profit motive

Making loans to “people with limited resources”, and then bundling them into securities...now what could possibly go wrong with that idea?

Haven’t we seen this before?

What could go wrong?

Kinda like the Clinton administration did. Everyone should be entitled to own a home so they loosened regulations for banks. I got to name my own price how much my house was worth when I had it refinanced. The lending company didn’t even do an appraisal. Year 1994. Bill Clinton.

Why this photo make me. Thing of phontigallo's charity starts at home 😂🔥💪🏋

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As New York's real estate market cools, Brooklyn neighborhoods stay hot for buyers and rentersBrooklyn, which for years has experienced torrid growth and soaring rents, has seen the average rent has fallen year over year, according to data from Rentcafe. Matt Damon just bought the most expensive listing in Brooklyn. I wonder if it is safe to wear a red sox hat there.
Source: CNBC - 🏆 12. / 72 Read more »

Homebuilders face profitability risks despite a healthy market, housing analyst saysHomebuilders' 'pricing power is much more challenged' as construction costs continue to rise, Zelman & Associates CEO Ivy Zelman says. Market is not healthy... Poor Home and car sales show it Would you stop pumping the 'healthy' economy and market false narrative
Source: CNBC - 🏆 12. / 72 Read more »

Three Abu Dhabi lenders agree to create $114 billion bankAbu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger... Can Jared Kushner be far behind? RT : Three Abu Dhabi lenders agree to merge, creating a $114 billion bank Now this is scary.
Source: Reuters - 🏆 2. / 97 Read more »

Kamala Harris' complicated history with Wall Street will come under scrutiny in the 2020 raceSen. Kamala Harris, the latest candidate to join the 2020 race, has a history of prosecuting the banking industry. But she has also been criticized for not going far enough. Should not be a factor. Look at dt! No. It won't.
Source: CNBC - 🏆 12. / 72 Read more »