Government Programs: Banks Arb the Government with PPIP?, Prime Workout Domination, Washington Federal

May 31st, 2009 · 1 Comment

Bill-Coppedge27sep08-1 original content selection by MortgageNewsClips.com

 

wsj

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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calculated-risk

Banks Lobby to Game PPIP - by CalculatedRisk

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hw1

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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az-central

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




Tags: Mortgage Market

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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