Government-backed housing bailout badly needed "High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader economy" A government-backed mortgage bailout is needed, and
Ways to Save on Your Renters Insurance A renter's insurance is a necessity when you rent a house or an apartment. Many people don't consider their landlord has only insurance for the building and not for all
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How Congress Can Rein In Opportunistic Steering by Brokers One of the important objectives of the mortgage legislation winding its way through Congress is to prevent brokers from steering borrowers to costlier loans, according to the bill's sponsor,
ConfiCasa Mortgage International Continues Its Office Expansion Across Mexico's Resort Areas (Centre Daily Times) ConfiCasa Mortgage International, LLC announced today its office expansion throughout the resort areas of Mexico, including the successful opening of its Los Cabos office, and its plans to open offices
County mortgage defaults triple (The Salinas Californian) Monterey County saw a 209 percent increase in mortgage defaults last year, but lenders and realtors said Friday it?s more a cautionary tale than a gloomy forecast for the housing
“They will have to raise more money and they will have to retain capital”
It’s been a big week for Citigroup: the bank named a new CEO and then, in an about-face, took control of the seven troubled funds it previously managed at arm’s length.
Investors are viewing the two moves as steps in the right direction to restore the bank’s shaken reputation, but also expect there is more to be done. With a month to go before Citigroup Inc. is expected to reveal its first quarterly loss in over a decade, investors remain uncertain how much the bank’s financial muscle has atrophied amid the tight credit markets and what bitter pills the bank must swallow next to regain its strength.
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