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Homeowners are more than 30 days past due on their mortgage payments on 4.38 million properties. after the Fed rejected requests in 2008 from the late Bloomberg News reporter Mark Pittman and other.
Federal Reserve board is #1 suspect in the assassination. – · In “American Casino,” the title of which comes from an expression Pittman uses in the documentary, the filmmakers profile subprime borrowers who are losing their homes, mortgage brokers who made loans they knew their customers could never repay and bankers and ratings analysts whose companies profited from the housing boom.
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Arbitration clauses fuel debate – Yet every day, consumers sign contracts that contain mandatory-arbitration clauses with insurance companies, investment brokers, car dealers, student-loan and mortgage lenders. arbitration provider.
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Securities Cases To Watch In The 2nd Half Of 2014 – In New York’s Southern District, home to some of the most high-profile securities suits, judges will preside over ongoing class actions against the former top brass of defunct broker-dealer. in.
Fraud charges may add to firms’ subprime woes – Many subprime mortgages are packaged into mortgage-backed securities and collateralized debt. Cliff Hyatt, former SEC enforcement attorney now with Pillsbury Winthrop Shaw Pittman, said it is.