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28 Nov 2011, 7:37 am by admin
    When a $300 million certificate of deposit held by Vanguard’s $114 billion Prime Money Market Fund from Rabobank in the Netherlands came due on Nov. 9, Vanguard decided to let the loan expire and move the money out of Europe. [read post]
14 Nov 2011, 9:06 am by Mandelman
Ferdinand Pecora Pecora’s questioning of Chase’s Chairman Albert Wiggin uncovered the fact that he had actually shorted Chase shares during the crash… betting against his own shareholders… and profiting from the falling prices. [read post]
19 Aug 2009, 8:16 pm
" What this means is that seemingly uncorrelated things like gold and commercial mortgages could go into free fall... [read post]
12 Jul 2012, 5:59 pm by charlesakrugel
Many consumers are turning to credit unions, community development banks, and loan funds to get financing. [read post]
In fact, another 2019 survey showed that over 20% of loans from retirement accounts are taken to cover unexpected expenses. [read post]
30 Oct 2010, 6:37 pm by Mandelman
And, isn’t it amazing that Bank of America, a servicer that is supposedly so overwhelmed and understaffed that it can’t seem to approve a loan modification in under six months and then, only after being sent the same documents four or five times, has had no trouble at all ascertaining that its recordkeeping related to millions of mortgages is A-OK? [read post]
22 Apr 2007, 4:39 am
$13.5 million will be used to create a privacy law enforcement fund. [read post]
28 May 2014, 7:05 am by Jim Butler
” — Owner/Operator in reference to the forecast of typical mortgage loan/value ratios. [read post]
25 Jan 2010, 6:48 am by admin
It made short-term loans of more than $300 billion to blue-chip companies. [read post]
4 Nov 2011, 1:42 am by Mandelman
  They’re not a private company… and the bankers they’re always blowing shouldn’t even be open for business because they’re completely insolvent and continue to remain alive only because they are on a combination of taxpayer funded life support, debt guarantees, and suspended accounting rule nonsense sanctioned by the king of transparency himself… the man who, more than any other I can think of, should be in a cell… Treasury Secretary Tim… [read post]
21 May 2012, 3:53 am by Mandelman
  Also, while serving on the Los Angeles City Council, Feuer co-authored the Affordable Housing Trust Fund, funded meals for 75,000 indigent seniors, led efforts to create playgrounds accessible to disabled children, and bolstered the city’s Ethics Commission. [read post]
I'm ready to put the foreclosure crisis behind me and move on to our next national undoing: student loans! [read post]
I'm ready to put the foreclosure crisis behind me and move on to our next national undoing: student loans! [read post]
5 Aug 2011, 6:44 am by admin
  Bank of America never wanted to own the properties; in fact, it probably never wanted to own the loans, and almost certainly never originated the loans. [read post]
12 Apr 2019, 2:06 pm by opseo
Handling IRS debt relief can be a struggle if you have other debt obligations such as credit card bills, medical bills, mortgage, car loan or even a wage garnishment. [read post]
10 Mar 2011, 6:52 am by Mandelman
  So, every time another house goes down to foreclosure, another mortgage-backed security goes bad, as do all of the derivatives whose values are “derived” from that mortgage-backed security. [read post]
9 Mar 2010, 7:22 am by Josh Wright
So the Department of Housing and Urban Development, the Small Business Administration and the Energy Department are looking for ways to give property owners more incentives to save energy, possibly through loan discounts or guarantees offered through mortgage brokers. [read post]