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The following article is brought to you by UTSanDiego.Com The Obama administration, seeking to help more homeowners lower their interest rates and shed mortgage debt, will relax the rules on a federal loan-modification program and triple its incentives to banks. The revised Home Affordable Modification Program, or HAMP, also would pay Fannie Mae and Freddie […]
The following is brought to you by FoxNews.Com WASHINGTON – The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. […]
The following article is brought to you by a friend at ChaseHomeFinanceSucks.Com. Goldman Sachs was President Obama’s number-one private campaign contributor. Hank Paulson, U.S. Treasury Secretary (2006-2009) was CEO of Goldman Sachs and was worth $700 million when George W. Bush appointed him to his Cabinet. Paulson then put Edward M. Liddy, a Goldman Sachs […]
The following article is brought to you by BusinessWeek.Com. Bank of America Corp., the largest U.S. mortgage servicer, failed to make a list of companies doing a satisfactory job of assisting homeowners struggling to pay their mortgage, according to Fannie Mae. Of the 11 biggest servicers of Fannie Mae mortgages, Wells Fargo & Co., Citigroup […]