Three executives from major mortgage industry companies were on the hot seat Friday as the House Committee on Oversight and Government Reform looked into executive compensation at corporations involved in the subprime mortgage-market shakeout. The committee, headed by Rep. Henry Waxman, questioned Angelo...
As the list of mortgage lenders who have failed, are failing, or are remaining very quiet about their status continues to grow the addition of each new name has reached the level of "so what else is new?" This week, however, there was a development that is certainly worth mentioning. After nearly a week...