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Archive for November, 2011

Why Bernanke Is Wrong On Mortgage-Backed Securities

Why Bernanke Is Wrong On Mortgage-Backed Securities

Oh no, Federal Reserve Chairman Ben Bernanke wants more taxpayer dollars to bailout the upper-class. He doesn’t actually say that, of course, but what else would be the result if the government — us — starts to buy mortgage-backed securities from poor, down-trodden investors who hold billions of dollars in mortgage-backed securities? In basic terms […]

Posted in: News
Who Will Get Help Under Fed Mortgage Review Plan?

Who Will Get Help Under Fed Mortgage Review Plan?

Mortgage borrowers with claims against lenders for improper foreclosures may well get some relief under a new plan proposed by several government regulators. The catch: Most distressed borrowers won’t qualify for assistance. “Remediation will be based on documented financial harm stemming from improper foreclosure practices by the servicer,” says one regulator. If a foreclosure activity […]

Posted in: News