Dustin Walsh and Tom Henderson - The Chapter 11 bankruptcy of Residential Capital LLC , the home mortgage subsidiary of Detroit-based Ally Financial Inc.
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ResCap's Chap. 11 may bring boost
Posted by mortgage 2 days ago (Editorial)
Mortgage deal could bring billions in relief
Posted by mortgage 103 days ago (Editorial)
In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.
Will Countrywide Bring Down Bank Of America?
Posted by mortgage 140 days ago (Editorial)
By Investment Underground. In 2008, at the opening period of the global financial crisis, Bank of America ( BAC ) purchased flailing mortgage lender Countrywide for approximately $4 billion. At the time, Bank of America CEO Kenneth Lewis stated he expected the bank would earn back the $4 billion from the purchase in less than four years. So far Bank of America has paid out almost 10 times that ..
How to Bring Investment Returns Back Home
Posted by mortgage 217 days ago (Editorial)
BOSTON (TheStreet) -- How many times have you heard a real estate agent say: "It's a great time to buy." Well, that's finally true, given the collapse in home prices, record low mortgage rates and the vagaries of investing in just about anything else these days. Buying a house or condo has been a lousy investment over the past few years, as prices nationally have plunged by a third since 2006 ...
Northern Rock Staff Star in Latest Campaign to Help Bring Mortgages to Life
Posted by mortgage 217 days ago (Editorial)
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Home-equity loans bring major losses for Bank of America
Posted by mortgage 339 days ago (Editorial)
Of all the mortgage woes at Bank of America, one of the less-publicized ones could turn into one of the most expensive: home-equity loans.
AIG Securities Held by New York Fed Might Bring $15 Billion, Barclays Says
Posted by mortgage 344 days ago (Editorial)
The Federal Reserve Bank of New York ?s sales of the mortgage securities it assumed in the 2008 rescue of American International Group Inc. (AIG) would probably fetch $15 billion ?at most? at current prices, less than the insurer offered, according to Barclays Capital Inc. analysts.
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