If you’re curious why so many Americans fell behind on their mortgage payments, you need to look beyond the mortgage itself. Between 1996 and 2006,… Read More »Study: Rising Housing Costs Greatly Outpaced Income
So I guess there was a point to the many, many state Attorney General lawsuits filed against Countrywide Financial over the past year. Today, Bank… Read More »Bank of America Launches Modification Program to Satisfy Countrywide Lawsuits
Here’s a surprise I didn’t see coming. A Wells Fargo and Wachovia merger, without government assistance from the FDIC. Wachovia, originally suspected to be swallowed… Read More »Wells Fargo to Buy Wachovia, Citi Not Happy
As expected, the Senate passed the mortgage bailout bill by a comfortable margin of 74 to 25 Wednesday evening. Both presidential hopefuls, Republican John McCain… Read More »Senate Passes Mortgage Bailout Bill
The Bush Administration announced the launch of the so-called “Hope for Homeowners” program today aimed at helping more at-risk borrowers stay in their homes. The… Read More »Hope for Homeowners Program Launched
