May 21, 2010 • 10:20 am 0
With 25 percent of mortgages underwater and high levels of delinquencies, James Lockhart, former director of The Office of Federal Housing Enterprise Oversight, says the housing market will need another year or more before it shows signs of recovery.
Filed under: Mortgage Banking News, Delinquencies, Fannie Mae, Foreclosures, Freddie Mac, Housing Market, Real Estate, Second-Lien Modification, Video, Views
May 11, 2010 • 2:03 pm 0
Laurie Goodman, senior managing director at Amherst Securities Group, says, because more than 50 percent of distressed borrowers have second mortgages, the government needs to come up with an operational second-lien modification program in order to avoid a spike in foreclosures.
Filed under: Mortgage Banking News, Foreclosures, Housing Market, Second-Lien Modification, Video, Views
