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BlackRock, Highfields-backed firm to share gains and losses with FDIC - MarketWatch
BlackRock, Highfields-backed firm to share gains and losses with FDIC MarketWatch - purchased the loans. The deal's the first structured sale of a non-construction residential mortgage loan portfolio by the FDIC. A PennyMac spokesman said ... PennyMac Announces Purchase of Residential Mortgage Loan Portfolio ... PennyMac Funds Buy Mortgage Portfolio From FDIC |
Report says foreclosures, defaults up in 2008 - San Francisco Chronicle
Report says foreclosures, defaults up in 2008 San Francisco Chronicle, USA - There is also growing concern that loan modifications might not be enough to solve the foreclosure crisis. Among homeowners who were 30 or more days ... |
New Mortgage Bankruptcy Bill Does Not Address Real Problem - Seeking Alpha
New Mortgage Bankruptcy Bill Does Not Address Real Problem Seeking Alpha, NY - For a variety of reasons the loan mods were not working. Data from the Comptroller of the Currency shows that over 50% of modified loans re-defaulted within ... |
ANALYSIS-Russia rouble moves weighs on regional currencies - Forbes
ANALYSIS-Russia rouble moves weighs on regional currencies Forbes, NY - Latvia last month won a lifeline 7.5 billion euro loan led by the IMF and European Union, protecting the lat currency peg. But with Russia accounting for ... |
Russia: Fears of a New Ruble Crisis - Stratfor
Russia: Fears of a New Ruble Crisis Stratfor - But in the past few months, Russia has been slowly widening the daily trading band and slowly letting the ruble’s decline accelerate. ... |