Archive for May 8th, 2009

Report: SubPrime Lenders That Sparked Crises Received Bailout Money

Friday, May 8th, 2009

The days of solely blaming subprime lending for the housing collapse are far behind us (I hope), but the risky, high-cost lending certainly played a hand in the mortgage crisis.

The Center for Public Integrity released an interesting report documenting the actions of so-called “mega-banks,” which supported such lending that set off a global economic meltdown.

Unsurprisingly, 21 of the top 25 subprime lenders were financed or owned by banks that received TARP money.

Investment banks Lehman Brothers and Merrill Lynch both owned and financed subprime lenders, while others like Credit Suisse and Goldman Sachs were major financial backers of subprime lenders.

Continue reading "Report: SubPrime Lenders That Sparked Crises Received Bailout Money"

LOAN MODIFICATION If the Bank hangs up on a Congress Woman WHAT ARE YOUR CHANCES TO SUCCEED????

Friday, May 8th, 2009

Congress Woman Maxine Waters has been Hanged up on

What are your chances to have a successful Loan Modification?

 

do you need help modifying your home loan?

Call 954-567-7300

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