2 Articles match "2008","Collateral","Washington"

The Latest from RealtyTrac MORE
Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Also loan money to troubled banks using mortgage as collateral; 10 cents to a dollar. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
Washington Mutual and Merrill Lynch. Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Earnings were adversely impacted by collateralized debt obligations (CDOs as they are called), and subprime mortgages, resulting in more than $5 billion in write-downs, with the company projecting a net loss of up to 50 cents a diluted share. Countrywide. Citigroup.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • And the Hits' Just Keep On Coming!
    Washington Mutual and Merrill Lynch. Now with the first week of October behind us, Citigroup, Washington Mutual (WaMu as it likes to be known) and Merrill Lynch announced their organizations would be taking major hits in the pocketbook for the third quarter of 2007. Earnings were adversely impacted by collateralized debt obligations (CDOs as they are called), and subprime mortgages, resulting in more than $5 billion in write-downs, with the company projecting a net loss of up to 50 cents a diluted share. Countrywide. Citigroup.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Another Approach to $700 Billion Bailout
    Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Also loan money to troubled banks using mortgage as collateral; 10 cents to a dollar. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE