Archive for September, 2011


Shares of Goldman Sachs added to their losses Thursday afternoon following word that he Federal Reserve sanctioned the firm over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP.


Israel may be about to see its largest demonstration ever. And the unexpectedly broad, diverse and lively social protest across the Jewish State throughout this summer has already been effective, carrying a message to which not only Prime Minister Benjamin Netanyahu but conservative politicians worldwide had better lend an ear.


(Recasts lead, adds details in paragraph 2, 7, 12-13, stock quote in paragraph 5 and conference call comments in paragraph 10.) –Raises dividend, first time in four years –Beats expectations –Retail bank volumes up Canadian Imperial Bank of Commerce CM raised its quarterly dividend for the first time in four years after its third-quarter profit [...]

Find more subprime information from Google

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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