ARCHIVED BLOG POSTS
2007
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Story on the front page of the Wall Street Journal connecting Fraud and Foreclosures - one interesting quote on page A14: "A recent review of a sampling of about 100 stated-income loans revealed that almost 60% of the stated amounts were exaggerated by more than 50%". "Mortgage Fraud 101 How sma...
12/21/2007
In the Wall Street Journel today - CEO of Morgan Stanley "was shaken yesterday as the Wall Street giant announced it would write down its morgage assets by $9.4 billion". "Morgan Stanley is the fourth financial behemoth to announce a massive wirite-down as the crisis arising from the U.S. home-m...
12/20/2007
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The Board of Governors of the Federal Reserve are proposing changes to the home mortgage provisions of regulation Z -----set up a new category of higher-priced mortgages (those that have annual % rates that exceed the Tresury securities of comparable maturity by at least 3% points for firsts and...
12/20/2007
