Word: mortgagee
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It is one thing when someone can't make a mortgage payment or a company cannot cover the interest on capital it borrowed to build a new factory. In a recession, those kinds of events are commonplace. It probably never crosses the mind of the average citizen that the ability...
The nation?s states and cities are awaiting an infusion of $1.5 billion from President Obama?s stimulus package devoted to homelessness prevention programs. Those programs will provide short-term rental and mortgage assistance, as well as security deposits and utility bills. A decade ago, the Department of Housing and...
Much of Dodd's current woes stem from a pair of mortgages that he must wish he had never gotten. His reputation has not recovered from the allegation last year that he received a sweetheart deal on his mortgage, saving upwards of $75,000 courtesy of Countrywide, one of the...
The original version of this story misspelled Shawn Maher's name and attributed the book announcement to Crown Publishers instead of Publishers Weekly. It also said there had been a "revelation" that Dodd had gotten a "sweetheart deal" on his mortgage from Countrywide, when in fact it is an allegation...
What's more, IndyMac is only one of four financial firms to have effectively been nationalized during the current financial crisis. Among that group, which also includes Fannie Mae, Freddie Mac and AIG, only IndyMac has been returned to private ownership. The others seem a long way off from a...