From BusinessWeek:
The lending institutions with the highest default rates for loans originated in August to November 2006 include ResMAE Mortgage (69.9 percent of loans resulting in a default notice), Master Financial (64.6 percent) and Ownit Mortgage Solutions (63.6 percent). Of the major lenders, IndyMac has a default rate on those loans of 18.9 percent, World [...]
From the AJC
“A Clayton County couple living in an “Extreme Makeover” home delayed foreclosure Tuesday for a second time by filing for bankruptcy.
It appears Milton and Patricia Harper and their three sons will continue living for now in the 5,300-square-foot home constructed four years ago by the ABC television show that rebuilds or refurbishes homes [...]
Lawmakers and a watchdog charged with overseeing the government’s $700 billion financial sector rescue plan peppered the Treasury Department with pointed queries Wednesday in a bipartisan display of skepticism over the management and direction of the program.
Members of the House Financial Services Committee challenged the administration in the final weeks of the Bush presidency, complaining [...]
Excerpts can skew the impression of a person’s overall concept, but I find this video interesting considering it happened in 2004, just before the biggest real estate bubble ever seen.
