The six big agencies that regulate most of the nation's banking system issued "guidance" Tuesday encouraging mortgage servicers to work with borrowers to mitigate loan losses and keep families in their homes where "possible and appropriate." The Federal Deposit Insurance Corporation, Board of Governors...
The subprime mortgage industry may be going through hard times but the paper industry and those who invest in broadband capacity are probably laughing all the way to the bank. There must have been billions of words of explanation, excuses, suggestions, demands, and sheer propaganda spoken and written...
It would probably be safe to bet that six months ago 90 percent of Americans had never heard of a subprime loan . It would be equally safe to wager that six weeks ago that number hadn't changed much. Don't bet your bus fare on that premise today. Financial reporters, public officials, advocacy groups...