Freddie Mac Falls After Seeking $10.6 Billion From TreasuryBusinessWeekFreddie Mac and Fannie Mae were charted by the government to boost homeownership by buying mortgages from lenders and providing a government guarantee of ...and more »
Harry and the HomeownersHuffington Post (blog)The idea is to give homeowners a publicly financed low-interest second mortgage, whose proceeds would go to the lender in exchange for a commitment to ...and more »
Bill raises appraisal company standardsAZ Central.comThe management firms act as intermediaries, assigning appraisers on behalf of a lender or a mortgage broker. Under the old system, banks and brokers hired ...and more »
How Goldman ruined your neighborhoodDetroit Free PressLevin argues that Goldman's willingness to package and sell loans its employees knew were increasingly, um, substandard allowed unscrupulous lenders to keep ...and more »
Ashford Hospitality Trust Reports First Quarter ResultsMarketWatch (press release)(6) We are currently working with the lender for a deed-in-lieu of foreclosure. (7) These rates are calculated assuming LIBOR rate stays at the March 31, ...
Brian Dickerson: Levin connects Goldman Sachs, Mich.Livingston DailyLevin argues that Goldman's willingness to package and sell loans its employees knew were increasingly, um, substandard allowed unscrupulous lenders to keep ...and more »
The Busted Homes Behind Big BetWall Street JournalMr. Bledea, who is suing his lender in Superior Court of California in Sacramento on allegations that he was defrauded, wanted a 30-year fixed-rate loan, ...and more »
Cash America International, Inc Q1 2010 Earnings Call TranscriptSeeking Alpha (blog)Those of you who follow the industry regularly probably know the industry's efforts to extend the sunset provisions of the payday law in Arizona have been ...and more »
The Guardian (blog)The Goldman Sachs case isn't as straightforward as it seemsThe Guardian (blog)Crappy regional mortgage lenders and mortgage brokers were responsible for sub-prime lending. This is the equivalent of me seeing my neighbour painting his ...and more »
Equity Residential Reports First Quarter 2010 ResultsMarketWatch (press release)(5) Unconsolidated debt maturities and rates are as follows: $70.0 million (net of $42.6 million in cash collateral held by the lender), May 1, 2010, 8.33%; ...and more »