Florida has been in foreclosure crisis mode for some time. Today, U.S. Rep. Barney Frank (D-Mass.) witnessed first-hand just how severe the crisis is as he toured the Neighborhood Assistance Corporation of America’s loan turnaround sessions at a …
The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, in this September 8, 2008 file photo. Credit: Reuters/Jason Reed/Files NEW YORK (Reuters) – Two key Republicans are urging the House of Representatives to …
There’s plenty of evidence to support the everyman theory of the Tea Party, expressed above by the chairman of the Metro Detroit Freedom Coalition, a self-styled Tea Party organization. His comment came at a packed meeting of the group Tuesday …
Don’t be taken in by stereotypes of angry tea partyers. First, consider their sense of humor, particularly a video response to Keith Olbermann’s lecture to them on diversity. “Why are you surrounded by . . . people who look exactly like you?” the oh …
The company, founded in 1848, currently has a market capitalisation of about 23 billion dollars. AIG almost went under in September 2008, unable to meet its obligations for contracts written to insure mortgage securities and related assets without …
The latest effort to scale back some tax deductions on mortgage interest, one of the nation’s most-enduring tax breaks, is finding little support in Congress. President Barack Obama’s latest budget proposal, released in February, includes a provision …
In his new role, Wilhite will be responsible for the bank’s lending activities including policies and procedures, compliance, credit quality, special asset management and residential mortgage lending. He will work directly with the bank’s lenders to …
F ree markets are out of vogue. The unfortunate lesson that policymakers have learned over the past two years is that a big, brainy government that supposedly creates jobs is superior to irrational, faceless markets that just create catastrophic …
WEST PALM BEACH, Fla. — There’s just one day left to cash in on a once-in-a-lifetime chance to lower mortgage rates. Thousands of people showed up to the Palm Beach County Convention Center on Sunday, hoping to walk out the door with a smaller house …
And it’s zigging in another area where other banks are now zagging: overdraft coverage. With the Credit Card Accountability Responsibility and Disclosure Act going into effect this year, financial institutions are scrambling to figure out how to hold …
