Several of the bankers testifying before the House Financial Services Committee on Tuesday drew a close connection between principal reduction and the impediment to loan modifications posed by the existence of second mortgages. As was covered in our earlier report , David Lowman, CEO for Home Lending...
Results of the U.S. government’s Stress Tests officially come out today, but all of the results were leaked out on Wednesday, pushing stocks to 2009 highs as investors were relieved by the results. The S&P 500 is up 4.13% on the week, the Dow is up 3.01%, and the Nasdaq is up 1.58%. Investors...