A letter from a former Moody’s analyst strengthen’s the SEC probe into shady practices alleged against the credit rating agency – practices that, if true, directly contributed to the housing crisis.
Entries Tagged as 'housing crisis'
Foreclosure Affects the Rich and Famous As Well
November 3rd, 2009 · 2 Comments · Mortgages, Real Estate
Being rich and famous is certainly no guarantee of future wealth, nor does it protect you from the law, paying your debts, or becoming a victim of the housing crisis. We hear daily about the record number of foreclosures that are affecting consumers across the country, but it is hard to imagine somebody we perceive [...]
Tags: famous foreclosure victims·foreclosure·housing crisis·mortgage debt·Real Estate·rich and famous·rich foreclosure victims
Credit Union Industry Worried about New “Cramdown” Legislation
March 3rd, 2009 · 5 Comments · Bankruptcy
One of the economic turn around proposals being kicked around includes legislation allowing bankruptcy judges who preside over Chapter 13 bankruptcies to reduce the principal amount of mortgages. This is being dubbed the “cramdown” of the mortgage principal into a smaller amount. A friend of mine received an electronic pamphlet from her credit union extolling [...]
Tags: Bankruptcy·Chapter 13·cramdown·credit unions·housing crisis·legislation·Mortgages
