Bernanke calls for nationwide REO rental program

Community lenders baffled to see major trade groups push Wall Street agenda Law360, New York (May 7, 2015, 4:46 PM EDT) — Some of Wall Street’s most powerful lobbying groups are going to bat for Bank of America Corp. in its Second Circuit appeal of a $1.3 billion fine.

Source: "Bernanke Calls for Nationwide reo rental program," HousingWire (Jan. 4, 2012) and "Fed Urges Action on Housing," Wall Street Journal (Jan. 5, 2012) [Log-in required.] The Federal Reserve called on lawmakers to do more to help the ailing housing market, which has been blamed for dragging down economic recovery.

** Additional closing cost credits from a program-preferred mortgage partner not available in New York or Hawaii. The Real Estate Assistance Program is a free, no-obligation benefit program offered in all states and Canada through Coldwell Banker Relocation. The ability to pay a cash rebate may be modified or prohibited by law in some states.

Bernanke: "Restoring the health of the housing market is a necessary part of a broader strategy for economic recovery." The Federal Reserve issued a white paper this week urging policymakers.

Indeed, they argue that in many cases REO-to-rentals may be inappropriate. Yet unless mortgage origination requirements, with tighter underwriting standards, are loosened in the immediate future, borrowers may have little choice but to rent. Furthermore, support for such a program will cost mortgage servicers, bond investors and even taxpayers.

Source: "Bernanke Calls for nationwide reo rental program," HousingWire (Jan. 4, 2012) and "Fed Urges Action on Housing," Wall Street Journal (Jan. 5, 2012) [Log-in required.] The Federal Reserve called on lawmakers to do more to help the ailing housing market, which has been blamed for dragging down economic recovery.

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Market participants reacted to Chairman Bernanke’s tapering comments. strong demand from institutional rent-to-own money managers coupled with low inventory has led to price appreciation on a.