Buffett says U.S. Treasury bubble one for the ages

Author:  //  Category: Mortgage

… regarded as almost equally extraordinary.’ DISMAY OVER MORTGAGE PRACTICES Investors’ flight to quality followed years … more than one in three borrowers had ‘subprime’ credit scores. The unit was profitable in …

Go here to see the original:
Buffett says U.S. Treasury bubble one for the ages

Share/Save/Bookmark

Live Blogging the State of the Black Union Symposium — Panel 1

Author:  //  Category: Mortgage

… neighborhoods. 8:52 AM Maxine Waters takes out a stick and beats the banks on sub-prime mortgages when asked about the Troubled Asset Recovery Program (TARP). She goes after Wells Fargo, …

See original here:
Live Blogging the State of the Black Union Symposium — Panel 1

Share/Save/Bookmark

ResCap Bankruptcy Possible

Author:  //  Category: Mortgage

In a filing Friday with the Securities and Exchange Commission, GMAC LLC laid out how it might be impacted by a bankruptcy at Residential Capital LLC. Liquidity pressures are expected to continue through at least the first quarter, and the company will probably be unable to meet its debt-service obligations during the near term, according to the filing. GMAC said it would have much at stake in a ResCap bankruptcy, with around $4.1 billion in secured financing arrangements and approximately $500 million of ResCap notes.

Excerpted from:
ResCap Bankruptcy Possible

Share/Save/Bookmark

Buffett Accepts Blame and Faults Others

Author:  //  Category: Mortgage

… the heads of private equity firms and mortgage issuers. Mr. Buffett, an inveterate optimist about … to less than 4 percent, even among subprime borrowers, or those with weak credit ratings. …

Originally posted here:
Buffett Accepts Blame and Faults Others

Share/Save/Bookmark

Alistair Darling’s debt-defying stunt

Author:  //  Category: Mortgage

… which the banks could dump their toxic sub-prime assets and leveraged loans – was catching … year to lend an extra 9bn on mortgages and 16bn to businesses. By comparison, last …

Read the original:
Alistair Darling’s debt-defying stunt

Share/Save/Bookmark

Mortgage Write-Downs: Why Does Ellen Tauscher Value Banks Over Constituents? Ask Adam Pase….

Author:  //  Category: Mortgage

… that allowing bankruptcy judges to write down mortgages to reflect fair market housing values is … . . you guessed it. . . sub-prime lenders. Contrary to what you might hear … she trying to limit mortgage write-downs to subprime loans only, on behalf of banks, when …

Original post:
Mortgage Write-Downs: Why Does Ellen Tauscher Value Banks Over Constituents? Ask Adam Pase….

Share/Save/Bookmark

The fall of the house of craft

Author:  //  Category: Mortgage

… after waiting many years. Imagine paying the mortgage but charging food, clothing, furniture and other … of survival. Like speculators buying property with subprime loans, the unchained risks of the museum’s …

See more here:
The fall of the house of craft

Share/Save/Bookmark

Obama Administration Will Allow Media To Exploit Fallen Soldiers

Author:  //  Category: Mortgage

… (Yes, she is one of those low life scumbags who got strapped with a sub-prime adjustable rate mortgage.) She has 3 kids, the eldest only 8 years old, the youngest a toddler. …

Obama Administration Will Allow Media To Exploit Fallen Soldiers

Share/Save/Bookmark

Buffett admits investment mistakes after historic loss

Author:  //  Category: Mortgage

… my fault.” He also talked about the mortgage operation of Clayton Homes, the largest maker … had among the lowest default rates among subprime borrowers: 3.6 per cent, compared to 2.9 …

See the original post here:
Buffett admits investment mistakes after historic loss

Share/Save/Bookmark

Agri growth fall must be checked

Author:  //  Category: Mortgage

… Eastern Europe, which has not been doing well, and by the exposure to the sub-prime mortgage crisis originating in the US. Indian exports and industries revolving around exports have been …

See more here:
Agri growth fall must be checked

Share/Save/Bookmark