Arb the Government with PPIP? - Banks Aiming to Play Both Sides of Coin - Industry Lobbies FDIC to Let Some Buy Toxic Assets With Taypayer Aid From Own Loan Books - Wall Street Journal - If the govenrment is arbed, you and I pay. BC
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Banks Lobby to Game PPIP - by CalculatedRisk
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Prime Mortgages Dominate Workout Efforts - By DIANA GOLOBAY - Mortgage industry professionals saw a record number of mortgages enter some form of workout plan in April as foreclosure moratoriums at government-sponsored enterprises began to expire. Prime mortgages now account for more than half of the industry’s efforts. The mortgage industry modified 127,000 mortgages in April, down from 133,910 a month earlier. - housingwire
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Washington Federal repays $200M bailout - Associated Press - SEATTLE - Regional bank Washington Federal has repaid the $200 million it received in federal bailout money. Spokeswoman Cathy Cooper says the funds were wired Wednesday to the U.S. Treasury. - AZCentral.com
1 response so far ↓
1 Peter Collins // May 31, 2009 at 11:49 am
While 127,00 loan modifications occured in April, Their were still 342,000 foreclosures over the same period. The servicers need to step up and icrease that number dramitically.
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