Tag:
Home Loan
Latest Headlines
Latest Headlines
Does Bank of America regret Countrywide deal?
Bank of America (NYSE: BAC ) touted its deal in July 2008 to buy Countrywide as a terrific value, a chance to buy up lots of assets on the cheap. But has buyer's remorse settled in? Clearly, ex-CEO Ken Lewis could not have predicted the kind of liability the mortgage giant packed.
"Since th
Bank of America seeks grip on foreclosure risks amid uncertainty
Are we any closer to resolving the foreclosure fiasco? Regarding Bank of America (NYSE: BAC )--which accounts for perhaps one in four residential mortgages--a lot of questions still linger.
"There is a lot that Bank of America has not disclosed: It hasn't explained what changes it made. It
Can Cerberus still save Chrysler and GMAC Financing?
Cerberus Capital, run by Stephen Feinberg, is staring at the abyss right now regarding Chrysler and GMAC Financing. The New York Times characterizes the fund as "racing to salvage" its investments in the face of a severe downturn in the auto and home-lending industries. Until recently, the sto
