The administration’s proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgag…
JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
For years, the property management business has been stuck in the Dark Ages — using faxes, paper ledgers and out-of-date spreadsheet software. But as the foreclosure crisis adds millions of people to the rental market, new sta…