Finance & Law for Not-So-Dummies

Whether CA and NY join is anticlimactic. The quibbling over the amount of the settlement was foolish. $17B or $25B has never been the issue....

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vi...

There used to be a TV show, weekly, called appropriately "THAT WAS THE WEEK THAT WAS". It provided a satirical review of the week...

The Wall Street Journal in its February 5-6, 2011 edition had an article by David Benoit, entitled "BofA Sets Mortgage Cleanup Unit...

There were two "complimentary" articles yesterday - one in American Banker, entitled " MBS Trustees Push JPMorgan Chase for ...

A few weeks ago, the Senate interrogated the guys from Goldman Sachs, a Wall Street so-called "Investment Bank" The argument was...

Foreclosures are up 23% from the end of the 3rd quarter last year . Foreclosures are up 5% from the end of the second quarter this year. If ...

Countrywide, now part of Bank of America was one of the major lenders to sub-prime borrowers (that only means a credit score below 680 (or 6...

As a follow-up to the last post, several important matters: 1. If you have submitted the application for a loan modification under the ...

(NOTE: For reasons that are obvious to most of us, the majority of the financial information published, in print or by broadcast, has been a...

An Associated Press story in the New York Times on April 16, 2006 headlines "SIX LENDERS TO GET HOME LOAN AID", specifying in the ...

The Chart above shows how Mortgage Backed Securities " MBS " come into existence. (Chart author/designer unknown) Terms used - (G...

We were dealing the the issue of DERIVATIVES . Okay - So I put too much into the last posting. Let's start this one in the middle; witho...

This posting will begin a 3 part series, to be finished by week's end, where we try to make understandable the un -understandable. Obvio...

The last post entailed a discussion of the President's basic loan modification plan to help 1 in 9 homeowners. The plan is comprehensive...

We finally have the basics of the Mortgage Bailout for Homeowners -at least for some homeowners. The Administration crafted a plan, touted i...

NPR had a piece on the 13 th discussing the issues dealt with here in days past, namely the mortgages servicers / securitization problems....