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(Source: ftalphaville Tracy Alloway) – In March, the US Securities and Exchange Commission fired off a few letters asking a number of America’s regional banks to clarify their loan modification practices. In particular the SEC is reportedly looking into “troubled [...]
(Source: USA TODAY By Julie Schmit) – The average U.S. borrower in the throes of foreclosure hasn’t made a mortgage payment in 17 months, up from nearly 11 months two years ago — and the time frame may get even [...]
By Moe Bedard Let’s get something straight. Subprime loans are not the only thing that we need to worry about in this housing and mortgage crisis. It’s the hidden mortgage creatures in the “adjustable rate forest of the unknown” that [...]
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