Word: mortgagee
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Yet, other programs like the mortgage modification and foreclosure mitigation efforts could go on for some time. When asked why modifications hadn't reached more borrowers, Geithner answered that they are trying to do everything to expand mortgage help, but the problem defies a quick fix. "It is very unlikely...
This past Sunday, The New York Times reported on one of the financial industry’s newest tactics—to securitize not mortgages, but bought-out life insurance policies. Wall Street firms buy policies from holders, continuing to pay monthly premiums until the original policyholder dies and the...
Wall Street argues, albeit on weak ground, that the new model does in fact learn from the lessons of the last decade. In the mortgage-backed security market, subprime loans functioned as adversely selected “lemons,” and the mortgages most likely to fail were the...
But more than just this economic difference, a big ethical distinction exists between tampering with the mortgage market and with the life insurance market. In an increasingly interconnected business world in which the financial industry is never more than a BlackBerry’s call away from the health insurance...
Indeed, with mortgage securitization, at least banks intervened in the right to property by way of extending mortgage credit to those otherwise unable to own a home; however corrupt the practice was in hindsight, at least a positive externality existed. But, life insurance securitization is far worse, an encroachment on...