The Mortgage Professor’s Website September 20, 2004, Revised February 20, 2007, November 18, 2008, January 24, 2009, November 15, 2011 What Is a Lease-to-Own Purchase? A lease-to-own house purchase (also “rent-to-own purchase” or “lease purchase”) is a lease combined with an option to purchase the property within a specified period, usually 3 years or [...]

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email signup             Receive MNC in RSS news reader ———— (has ideas) If Wall Street Is So Smart, Why Hasn’t It Fixed the U.S. Mortgage Market? – DANIEL INDIVIGLIO – … Why can’t Wall Street innovate its way out of this problem? This is a trick question: investors have no desire to innovate their way [...]

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  On August 10, 2010, the New York State Banking Department issued new regulations that address the business practices of mortgage loan servicers and establish additional consumer protections for homeowners. Part 419 of the Superintendent’s Regulations, which went into effect on October 1, 2010, were a follow-up [...]

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email signup             Receive MNC in RSS news reader ———— (new type of MBS) Unguaranteed Fannie bonds may yield double-digits – Approach to spread credit risk is based on Freddie multi-family securitizations -By Ronald D. Orol, MarketWatch  ———— Mortgage Delinquencies Haven’t Been This Bad [...]

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