Washington Mutual JPMorgan Chase FDIC Deal NOT Finalized? So how can JPMorgan Foreclose on WAMU Loans?
This is very intriguing… Check out the the excerpts from the report below… Game Changer? WaMu sale hasn’t closed, document suggests Next month will mark two years since federal regulators seized Washington Mutual and sold it to JPMorgan Chase for $1.9 billion. Now a document that appears to be from the Federal Deposit Insurance Corporation … Read more
Commentary by George W. Mantor RISMEDIA, August 17, 2010—As the vast majority of applicants for loan modification have learned, HAMP, the Home Affordable Modification Program, is little more than a thinly disguised mechanism through which to conclude the foreclosure process on behalf of financial intermediaries who never loaned a dime and never lost a dime … Read more
FROM THE CEO: August 2010 BEWARE THE “FALL” OF 2010 ~ Moody’s housing economist Celia Chen has released a forecast of housing that is pretty dire. If the U.S. enters a doubledip recession, writes Chen, home prices could fall another 20% before stabilizing in early 2012. That compares to a baseline forecast that calls for … Read more
~ Click Here to View Live Testimony ~ Conference on the Future of Housing Finance August 17, 2010 Cash Room Panelists: Diana Farrell, NEC Deputy Director Treasury Secretary Geithner HUD Secretary Donovan Barbara J. Desoer, President of Bank of America Home Loans Ingrid Gould Ellen, Professor of Urban Planning and Public Policy at New York … Read more