http://titanlenderscorp.com/blog Mon, 01 Dec 2008 23:03:01 +0000 http://backend.userland.com/rss092 en In reference to: "Mandatory Mortgage Modifications and the U.S. Constitution." Hand wringing aside… there is a new cottage industry in the mortgage world.  It is called “loan modification.”  Whether it is an attorney seeking to find remedy for a client wanting to stay in their home in an increasingly hostile economic ... http://titanlenderscorp.com/blog/2008/12/01/commentary-mandatory-mortgage-modifications-and-the-us-consitution/ Titan has remained at the forefront of mortgage banking with our focus on the emergence of small community banks and credit unions.  In the post-megabank environment,  where banking had the same intimacy and charm of an airport terminal, we see a retrenchment of consumers seeking safety, reliability and personalized service.    ... http://titanlenderscorp.com/blog/2008/11/18/credit-union-lending/ From the Wall Street Journal: "WASHINGTON -- The government's latest plan to help struggling homeowners eliminates a major bottleneck by giving mortgage investors more incentive to agree to refinancings. But lawmakers said Thursday they might go further after the November election and force reluctant investors to do more." Read the article: "New ... http://titanlenderscorp.com/blog/2008/10/30/wall-street-journal-new-loan-fix-is-unlikely-the-last/ Article: "Protester in SF attempts to handcuff Bush advisor." Last year, the biggest convention excitement was getting to see middle aged mortgage bankers fire up their lighters watching Pat Benatar sing “love is a Battlefield.”  This year, it was quite different.  While the army of suits were in evidence, on a ... http://titanlenderscorp.com/blog/2008/10/23/some-insight-for-the-mortgage-bankers-association-convention-protestors/ A video timeline of the development of the subprime crisis and the resulting economic mess we are currently dealing with: http://titanlenderscorp.com/blog/2008/10/23/subprime-crisis-timeline/ Great article from Reuters on the credit crisis: By Mark Felsenthal "WASHINGTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities. "Despite concerns he had in 2005 ... http://titanlenderscorp.com/blog/2008/10/23/greenspan-shocked-at-credit-system-breakdown/ The homeowner isn’t responsible because they didn’t know they were supposed to read paperwork and were a little fuzzy on that whole fraud thing.  “I totally trusted the guy… and frankly, when the settlement agent pointed out fees and terms… I stopped him and said “shhhhh, I like surprises!”  Then ... http://titanlenderscorp.com/blog/2008/10/07/mea-culpa-not-in-this-crisis%e2%80%a6/ From CNN Money.com: "Fed chairman says financial crisis will dampen economy well into 2009 and hints at future rate cuts; says recent actions by Fed, Treasury should help economy recover. Federal Reserve Chairman Ben Bernanke predicted that the global financial markets crisis is likely to restrain the economy well into next year ... http://titanlenderscorp.com/blog/2008/10/07/ben-bernake-says-economic-outlook-is-weaker/ Crisis Hits Main Street as Employers Cut More Jobs (Update3) Mortgage official: Federal government has power now to reduce foreclosures http://titanlenderscorp.com/blog/2008/10/06/two-great-articles/ From Business Week: Freddie, Fannie cut back mortgage fees By ALAN ZIBEL WASHINGTON Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back fees imposed as they struggled to shore up their finances over the past year. Freddie Mac said Friday it would not impose a fee ... http://titanlenderscorp.com/blog/2008/10/03/freddie-fannie-cut-back-mortgage-fees/