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5 May 2010, 8:59 am by Thom Lambert
Lenders financed these transactions because they knew they could sell their mortgages to federally-backed greater fools, Fannie Mae and Freddie Mac. [read post]
5 May 2010, 8:12 am by staff@mortgagefraudblog.com
Jerry Eugene Parker, 59, Hoover, Alabama, owner of Central Alabama Title, is charged in an information filed in U.S. [read post]
28 Apr 2010, 10:30 am by LindaMBeale
This issue is central to the financialization of our economy and the need for substantive financial reform even beyond what is currently being proposed in the Senate amid the Republicans' game of chicken. [read post]
21 Apr 2010, 12:33 am by Robert Thomas (inversecondemnation.com)
In 1995, however, the Central Railroad Company gave the city an affidavit that it owned the property, and quitclaimed its interest to the city. [read post]
18 Apr 2010, 10:36 pm by LindaMBeale
  To avert national bankruptcies and wholesale banking collapse, governments and central bankers have performed remarkable policy reversals, liberally dispersing public money in pursuit of economic stability and taking failed companies into public control without a second thought. [read post]
16 Apr 2010, 9:55 am by Lawrence Solum
Like AIG Financial Products, monoline insurance companies wrote billions of dollars of credit default swaps on multi-sector CDOs tied to residential home mortgages, but unlike AIG, their unique status as financial guarantee companies subjected them to considerable disclosure obligations concerning their individual credit derivative exposures. [read post]
14 Apr 2010, 3:00 am by LindaMBeale
  But we are better off with 10 medium-sized banks working in a syndicate to generate the financing needed by a big company than with one big bank to whom the company goes for financing. [read post]
13 Apr 2010, 5:57 am by Mandelman
  Statistically, borrowers with lighter skin tones, when applying for mortgages with Wells Fargo, received better deals. [read post]
12 Apr 2010, 4:00 am by Peter A. Mahler
  Ficus, a Florida corporation, is the managing member and 80% owner of Private Capital Group, LLC (PCG), which is in the business of buying, managing and selling nonperforming real estate mortgages. [read post]
6 Apr 2010, 1:58 am by Kevin LaCroix
  SCA is a holding company for financial guaranty insurance and reinsurance. [read post]
19 Mar 2010, 1:22 am
But the court said they share in the company's liability under the doctrine of quantum meruit. [read post]
18 Mar 2010, 1:21 am
The company, which had been asking for $242 million, will now seek an injunction. [read post]
12 Mar 2010, 2:34 am by Kevin LaCroix
The companies also allege that the company’s officials improperly sought to have the company’s shares included in the SEC’s short selling ban, so that the officials could sell their share at inflated prices. [read post]
26 Feb 2010, 8:15 am by admin
    Although there’s a long way to go — as in lending for home improvement, not just on new-build with mortgageable title – it’s a step in the right direction. [read post]
23 Feb 2010, 2:13 pm by Randall Reese
(an affiliate of Thornburg Mortgage, Inc. that is being separately administered) filed a report of creditors' voting on its proposed plan.Cabrini Medical Center and Sea Launch Company, L.L.C. sought authority to borrow additional debtor-in-possession (or DIP) financing.Qimonda Richmond, LLC sought authority to sell certain assets to Texas Instruments Inc. [read post]
16 Feb 2010, 7:27 pm by Kevin Funnell
Company officials said the high number of foreclosures they were dealing with in Central Florida contributed to the error. [read post]
7 Feb 2010, 6:14 am by Mandelman
Second of all, it should by now no longer be contentious to say that people need help to negotiate a loan modification with a bank or mortgage servicer. [read post]
5 Feb 2010, 6:05 am by Hal Scott, Harvard Law School,
The regulatory and supervisory system is much better able to deal with controlling the risky activity of regulated banks than of unregulated investment banks, insurance companies, hedge funds, or commercial companies with large financial operations. [read post]
25 Jan 2010, 12:25 pm by Nick Li
Central Banks have limited power to affect the economy once the economy is in crisis and interest rates have been lowered to zero, though Bernanke and company have come up with some creative ways to restore confidence in the financial system (mainly by directly purchasing riskier assets from banks in exchange for safer ones and increasing the Central Banks balance sheet risk). [read post]