Posts with tag default

A special congressional panel's newly released report is sending shock waves throughout the commercial real estate industry, not to mention causing consternation among many community bankers. It is also generating an abundance of headlines. The message from the Congressional Oversight Panel, which is charged with... Continue Reading »

So why did the Obama Administration last week increase the amount of Fannie Mae and Freddie Mac losses it would cover from the previous limit of $400 billion to the new limit of infinity? In the simplest terms, it was to reassure investors like China or Saudi Arabia who have bought or might buy in the future the securities... Continue Reading »

News flash! People under age 30 are ruining the world, so says yet another generation. This time, they turn to the mortgage crisis as proof. The Wall Street Journal notes that youngsters under 30 are less hung up about walking away from an underwater mortgage. That's because "defaults may be more common with the younger... Continue Reading »