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More mortgage principal cuts worry bank analysts

0 Comments Published March 27th, 2010 in News.

When Bank of America said this week it planned to cut the principal on 45,000 underwater mortgages, some analysts were concerned.

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« Ambac hands control of $35 bln troubled contracts to regulator
Hedge Funds: Top managers earned record $25 bln in 2009: survey »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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