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Mayor Michael R. Bloomberg said protesters should not be blaming banks for the mortgage crisis, but Congress.
Mayor Michael R. Bloomberg said protesters should not be blaming banks for the mortgage crisis, but Congress.

Bloomberg vs. Occupy Wall Street

Posted by mortgage 200 days ago (Editorial)
Americans listen when Michael Bloomberg speaks, not only because he is the mayor of New York City, but because he is a self-made billionaire and a smart guy. People think Bloomberg knows a lot about business and investment, which he surely does. But he nevertheless sounds terribly misinformed sometimes, as he did the other day ? when he complained that "Occupy Wall Street" is unfairly blaming ...
At an event, Mayor Michael R. Bloomberg blamed Congress for the mortgage crisis, while former Mayor Edward I. Koch said Wall Street should be punished for the nation?s fiscal woes.

Mayor Bloomberg Rezones the Mortgage Crisis

Posted by mortgage 203 days ago (Editorial)
City chiefs have plenty of reasons to blame Congress for shortchanging cities. Fueling the mortgage crisis isn't one of them.
Aug. 12 (Bloomberg) -- Mortgage applications in the U.S. fell last week as a jump in borrowing costs slowed refinancing. The Mortgage Bankers Association?s index of applications to purchase a home or refinance a loan decreased 3.5 percent to 499 in the week ended Aug. 7, from 517.3 in the prior week.
Aug. 12 (Bloomberg) -- Citigroup Inc. will lend as much as $2 billion to independent mortgage firms, hoping to profit in a business it mostly exited after the market seized up in 2007.
June 24 (Bloomberg) -- Mortgage applications in the U.S. increased last week for the first time in a month as purchases climbed, adding to evidence the market is stabilizing.

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