If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!As the unemployment rate continues to grow it is hitting an increasing number of people who had prime mortgages. The result is a huge increase in foreclosures among primes. In the first three months of the year, prime fixed-rate [...]
Huffington Post - Former Countrywide Leaders Start Firm to Buy Bad Loans
Bloomberg - Fed Eliminates Compensation Limits for TALF Program
Huffington Post - Financial Scams On The Rise As Economic Suffering Spreads
Housing Wire - Modification Aid Gap Continues Between Prime, Subprime
The Coming Depression - Jim Rogers: Let AIG go Bankrupt and you should become FARMERS! ALSO: AIG INSURES THE PENSION [...]
We can now enter a new acronym into our lexicon: TALF. And what is TALF? The Federal Reserve and the Treasury announced on November 25th that a Term Asset-backed securities Loan Facility will be created to provide liquidity for purchasers of ABS?s (Asset-Backed Securities, which include mortgage-backed securities). Asset-backed securities also include student loans and [...]
Loading ...