|
|||||||||
 |
 |
 |
 |
 |
 |
 |
|||
As if we didn’t know already, Henry Paulison stated today that the mortgage problem is not a reflection on the real economy but a problem caused by bad lending practices. I guess he is trying to shift the heat of this foreclosure news onto the lenders and as far away from him as possible.
Share This
No Comments »
Filed under: Mortgage News
You have to read this, I took it from Diana Olick’s blog on CNBC. Times are already becoming desperate!
It seems local New York City reporter Lou Young, of WCBS, came upon a story about two mortgage brokers in New Rochelle, NY, who lost money on an investment property and so, in order to keep afloat, […]
No Comments »
Filed under: Mortgage News
In an interview today Countrywide CEO Angelo Mozilo says that he thinks we are headed for a recession. This statement coming after the announcement of Bank of America deciding to invest 2 billion into the troubled mortgage giant. This will give Bank of America about a 16% stake in Countrywide Mortgage. Mozilo states that their […]
No Comments »
Filed under: Mortgage News, Market Watch
