Ally Financial, which still owes the government about two-thirds of the $17.2 billion in emergency loans it received as part of the General Motors and Chrysler rescues, nudged its residential mortgage subsidiary into Chapter 11 bankruptcy today to shed toxic mortgage-related securities.
Search results for bad
Bankruptcy Aims To Free Ally of Bad Mortgage Assets After Auto Rescue
Posted by mortgage 7 days ago (Editorial)
Psychology Of Fraud: Why Good People Do Bad Things
Posted by mortgage 20 days ago (Editorial)
Enron, Worldcom, Bernie Madoff ? the past decade has brought us a long parade of headlines involving unethical behavior. And that's led researchers to a disturbing conclusion: The vast majority of us are not only capable of behaving in profoundly unethical ways, but without realizing it, we do it all the time. Exhibit A: the story of Toby Groves.
Bank of America Faces Bad Home-Equity Loans: Mortgages
Posted by mortgage 34 days ago (Editorial)
Bank of America Corp., whose home- equity mortgage portfolio exceeds its stock market value, probably will say about $2 billion of junior loans are bad assets tomorrow even as some borrowers are still paying on time.
JP Loans - Mortgage Broker Brisbane Releases a Comprehensive Guide to Low Doc Home Loans & Bad Credit Home Loans ...
Posted by mortgage 87 days ago (Editorial)
Brisbane based mortgage brokers JP Loans have recently published two guides for home loan applicants who are not able to furnish sufficient documents or have a poor credit history. These guides detail simple ways to avail affordable rates and fast approval of home loans in spite of bad credit and lack of documents.Brisbane, Australia (PRWEB) February 25, 2012 JP Loans, mortgage broker Brisbane ..
Bad Home Loans Top $72 Billion in ?Colossal Failure?: Mortgages
Posted by mortgage 97 days ago (Editorial)
Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry?s practices.
Bad Home Loans Top $72B for Banks
Posted by mortgage 103 days ago (Editorial)
Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry?s practices.
Bad home loans top $72B in ?colossal failure?
Posted by mortgage 103 days ago (Editorial)
WASHINGTON - Costs from faulty mortgages and shoddy foreclosures have topped $72 billion at the biggest U.S. banks as they near a settlement of a 50-state probe into the industry?s practices.
Analysis: Banks expect to spend less on bad mortgages
Posted by mortgage 115 days ago (Editorial)
(Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans. The chief executives of JPMorgan Chase & Co and Bank of America Corp , the two biggest U.S. banks, said this month their rate of spending to handle troubled mortgages had topped out and should begin to decline .
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