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4 Articles match "America","Bailout","Subprime"
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The Latest from RealtyTrac
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As Home Prices Plummet, When Will You Buy?
It is sobering to realize that weve just gotten through one wave (subprime) and are heading into several more waves of risky loans. For example you see Bank of America adopting a massive, systematic loan modification program. Understandably, they don’t want to take their losses and perhaps are waiting for additional bailout from the government With the upcoming severe economic downturn, why would anyone buy now at these high prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Another Approach to $700 Billion Bailout
Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. What do you think? Posted 09-29-2008 1:50 PM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Will Main Street Sink Wall Street?
Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages. Bear Stearns does not plan to bailout a $1.1 The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Another Approach to $700 Billion Bailout
Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. What do you think? Posted 09-29-2008 1:50 PM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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From $2B Bailout to $4B Buyout at Countrywide
Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime mortgage mess — which reportedly almost forced the firm into filing for bankruptcy protection earlier this week. Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. It didn’t take long from a historical perspective.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Main Street Sink Wall Street?
Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages. Bear Stearns does not plan to bailout a $1.1 The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
It is sobering to realize that weve just gotten through one wave (subprime) and are heading into several more waves of risky loans. For example you see Bank of America adopting a massive, systematic loan modification program. Understandably, they don’t want to take their losses and perhaps are waiting for additional bailout from the government With the upcoming severe economic downturn, why would anyone buy now at these high prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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