Government-controlled mortgage finance companies Fannie Mae and Freddie Mac said Friday they have immediately suspended all foreclosure sales involving occupied single-family and 2-4 unit properties through March 6, to give troubled borrowers more time to work with loan servicers to avoid losing their homes.
From the AP
Wells Fargo, Bank of America Corp., Citigroup Inc. and J.P. [...]
ABC News reports:
The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France.
The decision came 24 hours after the banking giant, which was rescued by a $45 billion taxpayer lifeline, defended buying the state-of-the-art Dassault Falcon 7X [...]
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.
