Accelerating Loan Modifications, Improving Foreclosure Prevention, and Enhancing Enforcement: Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, First Session, December 6, 2007, Volume 4 |
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Page 4
... efforts to identify and assist bor- rowers who are in danger of falling behind when their interest rates reset in the coming months . The Administration , as the chairman said , is expected to an- nounce today an initiative that would ...
... efforts to identify and assist bor- rowers who are in danger of falling behind when their interest rates reset in the coming months . The Administration , as the chairman said , is expected to an- nounce today an initiative that would ...
Page 7
... efforts to provide help to homeowners in danger of losing their home with a refinance to an affordable loan , the REAL program , and a homeowner's equity recovery opportunity , the HERO loan program . We might consider how to implement ...
... efforts to provide help to homeowners in danger of losing their home with a refinance to an affordable loan , the REAL program , and a homeowner's equity recovery opportunity , the HERO loan program . We might consider how to implement ...
Page 9
... efforts of servicers , securitizers , and the Administration in dealing with this crisis . I am unimpressed with the efforts of the HOPE NOW Alliance . On Monday , Secretary Paulson outlined vague details of a plan to assist families ...
... efforts of servicers , securitizers , and the Administration in dealing with this crisis . I am unimpressed with the efforts of the HOPE NOW Alliance . On Monday , Secretary Paulson outlined vague details of a plan to assist families ...
Page 10
... efforts months from now ? Mr. Chairman , I believe that in foreclosure procedures , almost everybody is a loser : the individual homeowner ; the neighborhood ; the lenders ; those who may hold the notes on it ; or whatever it may be ...
... efforts months from now ? Mr. Chairman , I believe that in foreclosure procedures , almost everybody is a loser : the individual homeowner ; the neighborhood ; the lenders ; those who may hold the notes on it ; or whatever it may be ...
Page 11
... effort , specifically to address foreclosure , is overdue , but very , very welcome . I look forward to your testi- mony ... efforts here . In terms of pre - payment penalties , with work - outs , with borrowers , these are being waived ...
... effort , specifically to address foreclosure , is overdue , but very , very welcome . I look forward to your testi- mony ... efforts here . In terms of pre - payment penalties , with work - outs , with borrowers , these are being waived ...
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Common terms and phrases
ability to repay adjustable rate mortgages AFL-CIO amendment American Securitization Forum approach assignees avoid foreclosure BAIR believe bill CALHOUN Chairman Frank consumer contract counseling credit scores creditor crisis default delinquent economic efforts enforcement FDIC Federal Reserve federally-insured credit union FICO score Foreclosure Prevention going HOEPA homeowners homeownership HOPE NOW Alliance house prices housing market hybrid ARMs impact increase industry interest rate investors issues KANJORSKI large numbers legislation lenders liability loan modifications loss mitigation million modify loans mortgage market mortgage servicing mortgage-backed securities NCUA net present value options participants pattern and practice pattern or practice payment shock percent predatory lending prepayment penalties problems proposal protection rate reset real estate refinance refinancing regulators residential mortgage loans restructuring risk safe harbor SCHWARTZ secondary market significant solutions standards starter rate subprime ARM subprime borrowers subprime loans subprime mortgage testimony Thank Treasury underwriting violation workout plans