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Author Archives: Kerri Panchuk

ForeclosureS.com: Foreclosures Fall in September

Mento, California-based ForeclosureS.com);/*1192040418781*/, a publisher of foreclosure data, issued a press release Monday, claiming foreclosures in the United States dropped nearly 21.5-percent in September based on an analysis of 3.

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Breaking News: MBA Names New Chairman, Chairman-Elect, Vice Chairman

The Mortgage Bankers Association (MBA) has named David G. Kittle chairman-elect of the MBA and Kieran P. Quinn the association’s 2008 chairman. The announcement, which was made in Boston, Massachusetts, during the MBA’s 94th Annual Convention & Expo, also included information about the appointment of Robert E.

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S&P Chief Economist: Not Even Halfway There

News agencies swept the wires early Friday morning with a slightly gloomy report on  David Wyss, Chief Economist with Standard & Poor’s Ratings Agency, who recently offered a concerning assessment of what’s currently happening and about to happen in the mortgage market.

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Moody?s Investors Service Announces Subprime Downgrades

Ratings agency Moody’s Investors Service announced significant downgrades in the subprime sector this week. According to a Moody’s press release, the agency downgraded $33.4 billion of securities issued in 2006 backed by subprime first lien mortgages.

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OFHEO Proposes Capital Rules for GSEs

The Office of Federal Housing Enterprise Oversight (OFHEO) wants to change the rules governing the amount of capital that government-sponsored enterprises, like Freddie Mac and Fannie Mae, are required to obtain as a safety-net.

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