Skip to main content

LPS releases study that demonstrates the impact of foreclosure sales on home prices

National Mortgage Professional
Mar 18, 2009

MBA reacts to public-private investment program MortgagePress.comJohn A. Courson, Mortgage Bankers Association, distressed assets, Mortgage-Backed Securities John A. Courson, president and CEO of the Mortgage Bankers Association (MBA), has issued the following statement after announcement of the details of the administration's public-private program to purchase distressed assets from financial institutions. "The private sector will play an important role in helping stabilize the financial system, and the details unveiled this morning are a step in the right direction. The public/private approach will leverage the government guarantee and private sector innovation to provide an outlet for financial institutions to sell legacy loans and legacy securities that are currently clogging their books. This will, in turn, inject liquidity into the system and hopefully unlock the credit markets. "We are extremely pleased to see that program will allow for the inclusion of Commercial Mortgage-Backed Securities (CMBS). The commercial real estate market has been hit hard by the lack of available liquidity and the credit crunch. Allowing for the inclusion of CMBS in TALF should help relieve the pressure in the commercial real estate market. "We look forward to working with Treasury, the FDIC and private sector participants to help implement a program that will have the greatest possible impact to resolve the credit crunch and help restart lending." For more information, visit
Mar 18, 2009
Williston Financial Group, Doma Strike Deal

WFG is set to acquire Doma’s title operations, including operation centers in the Northern and Central California.

May 24, 2023
Mat Ishbia Takes A Charge At NBA Playoff Game

UWM CEO and majority owner of the Phoenix Suns involved in scuffle with Denver center Nikola Jokic

May 08, 2023
The Pitfalls Of Cash-Out Refinancing In A Rising Interest Rate Environment

Second-lien home equity loans are a far better way to take out cash

May 02, 2023
NEW YORK: How To Conquer - Not Fear - The Empire State

Roadblocks are many but payoff is worth it

May 01, 2023
RCN Capital Opens LA Office

Expansion marks lender's continued success.

Apr 26, 2023
Trigger Lead Legislation Renews Debate Over Consumer Choice

Borrowers can protect themselves from unsolicited lenders, but they could be doing themselves a disfavor

Apr 20, 2023