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mortage loans programsAFTER months of playing pretend, the Treasury Department conceded last week that the Home Affordable Modification Program, its plan to aid troubled homeowners by changing the terms ... For example, in devising what it considers an affordable mortgage ... Read more
Why Treasury Needs a Plan B for Mortgages - New York TimesBy 2007 I was getting an average of 10 advertisements for 0 interest mortgage refinances a week in the mail. Back then you could get a loan no questions asked including whether or not you could afford it. Think of the thrill of moving into your new ... Read more
Quarter Of Borrowers In Anti-Foreclosure Program Are Late Paying New ... - Huffingtonpost.comAnchor BanCorp’s headquarters is at 25 W. Main St. on the Capitol Square. When the 10-story office building was built in 1964, the project cost $2 million. It was designed by architects from John J. Flad and Associates and the general contractor ... Read more
Anchor BanCorp ready for ‘change in strategic direction ... - madisonCalifornia, which was supposed to gain 396,000 jobs, has lost 336,400 jobs ... One of the BND’s functions is to provide a secondary market for real estate loans, which it buys from local banks. Its residential loan portfolio is now $500 billion to ... Read more
Latest Articles - Dissident Voice... restructured LDC loans or on the succeeding arrearages by other LDC nations. Such a policy was not feasible at the time and might have caused a financial panic because the total LDC portfolio held by the average money-center bank ... America, Read more
Rally may have legs, but beware of Scrooge - Green FaucetNEW YORK (MarketWatch) -- Bank of America Corp. (NYSE:BAC) got an assignment from the government--decide by summer which of its businesses it can live without. Part of the deal that Bank of America struck with the Federal Reserve late Wednesday to ... Read more
Fed says Bank of America must find some businesses to sell - MarketwatchAbout 25 percent of borrowers helped under the administration's massive foreclosure prevention plan have already fallen behind on their new mortgage payments, according to government data that raise new questions about the program's effectiveness ... Read more
Quarter of borrowers in anti-foreclosure plan are behind - Washington PostThe Jobs Summit generated this week by the Obama political machine was a political stunt, pure and simple. It was designed with cynicism in mind -- to trick the Congress and American people, who are demanding action on an effective unemployment rate ... Read more
Alan Tonelson on CNBC's Power & Money - American Economic AlertHUGO, Okla. — If you could program human emotion into Richard Billingsley's computer, there might be the heart of a Horned Frog beating in there. The creator of one of the six Bowl Championship Series computer rankings used to help determine which ... Read more
Forget Afghanistan and health care: Let's argue football - McClatchyCongress; HouseSavvy; FDIC; Freddie Mac/Roper poll; Home Preservation Foundation The mid-October rush was the worst that Hall, one of two people at Quincy Community Action Programs Inc. who help troubled borrowers , has seen since becoming the ... Read more
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