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Finally, we’re privatizing some risk

by MorganDecember 28, 2008 Mortgage Musings

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Good news reported by the New York Times. A consortium of private equity firms are close to finalizing a deal to buy IndyMac Bank from the FDIC for an undisclosed sum. The FDIC had to rewrite some [...]

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Job Creation, Not Loan Mods, Should Be Next Step

by phillenbrandDecember 10, 2008 Economy

Much has been made by those in the peanut gallery of the need to modify the terms of delinquent or defaulted mortgages. The logic behind this line of thought was relatively sound: after all, the reckless issuance of adjustable-rate mortgages (ARMs) to people who wouldn?t be able to make the payments once the rates were [...]

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Treasury thinks about maybe spreading TARP to foreclosures

by Constantine von HoffmanDecember 4, 2008 Loan modification

A guest post from Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a satirical look at marketing and business.
Latest news has it that the Treasury Dept. is thinking really hard about maybe using some of the $700 billion from the Troubled Assets Relief Program (TARP) to do something about home foreclosures.
Neel [...]

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