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Channel: Moe Lane » mortgages
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Hi, federal government. Pay my mortgage, please.

Hey, is this not Freddie Mac’s strategy? Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. It’s another sign that the...

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White House to bailout underwater mortgages?

You know, sometimes Paul doesn’t want to be paid, if it means robbing Peter. Today’s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about...

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28.4% of mortgages underwater.

Note that this article doesn’t quite get the original report right, sort-of kind-of thank goodness; it confuses mortgage holders with homeowners when reporting the percentage of underwater mortgages...

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This WSJ article on deficiency lawsuits leaves me curiously unsympathetic.

I mean, the basic concept behind the practice is worrisome enough: banks foreclose on a property when it goes into default, discover that the foreclosure sale doesn’t recoup their losses, so they get a...

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