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5 Articles match "Countrywide","Homes","Number of"
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The Latest from RealtyTrac
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What's Causing the Credit Crunch?
Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. Moreover, mortgage lenders have also begun raising interest rates or cutting off credit for other types of loans, including Alt-A loans, a grade between prime and subprime. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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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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Can An Ohio Judge Reduce The Foreclosure Glut?
A federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans must document every foreclosure claim it submits in Ohi
RealtyTrac Financial Library
- Wednesday, September 16, 2009
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Can An Ohio Judge Reduce The Foreclosure Glut?
A federal bankruptcy judge has set a new precedent that could stop huge numbers of foreclosures nationwide. Her demand: Countrywide Home Loans must document every foreclosure claim it submits in Ohi
RealtyTrac Article Library
- Wednesday, September 16, 2009
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What's Causing the Credit Crunch?
Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. Moreover, mortgage lenders have also begun raising interest rates or cutting off credit for other types of loans, including Alt-A loans, a grade between prime and subprime. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Good Morning Mr. Bernanke!
The early morning newscast today got me wondering if Angelo Mozilo, CEO of Countrywide Financial Corp., has Ben Bernanke’s number on his cellphone? As head of the nation’s largest mortgage lender, maybe Mozilo woke the Federal Reserve Chairman at some ungodly hour this morning from his long hibernation and complained, “Wake up and do something already!!!” Well, something finally clicked because Bernanke and the members of the Federal Open Market Committee acted this morning, and started cutting rates (although not the rate most economists — and the real estate industry in particular — are waiting for them to cut). The Fed sliced 50 basis points (one-half a percentage point) off of its discount rate — the rate it charges banks to borrow federal funds — from 6.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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