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``IndyMac Bank, now One West Bank, whose major shareholders include liberal billionaire George Soros and his young ward, computer industry all-around good guy, Michael Dell, appears to have embarked on a mission to defraud as many people as possible... Full Article at Mortgage Lender Implode-o-meter
Related Articles
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Troubled homeowners may be losing a major lifeline: so-called short sales. To get bad loans off their books and spur home sales, lenders have been forgiving the difference between the outstanding mortgage balance and the purchase price. Full Article at Business Week
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Troubled homeowners may be losing a major lifeline: so-called short sales. To get bad loans off their books and spur home sales, lenders have been forgiving the difference between the outstanding mortgage balance and the purchase price. Full Article at Business Week
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The legislation, introduced today by Senator Jack Reed of Rhode Island, would require lenders to evaluate all borrowers for affordable loan modifications before initiating foreclosure. Full Article at The Market Ticker
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The over-reliance on such deposits was evident to state and federal regulators for years. Brokered deposits rose almost fivefold to $121 million in 2005, or 19 percent of New Frontier’s total, from $26 million, or 6 percent, at the end of 2004. Full Article at Columbia Journalism Review
Related Quotes
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When the banks couldn't make payroll, it was a lot easier to deal with them
SOURCE: Business Week -
We really need a more organized process
SOURCE: Business Week -
We have seen a substantial number of their loans, and they are not bankable
SOURCE: Columbia Journalism Review -
Hear my words: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses
