Tag:
Second Mortgages
Latest Headlines
Latest Headlines
New concerns over second liens
Banks have made great progress in dealing with soured mortgages. They have reserved aggressively against various home mortgages and moved to settle related putback issues. But the industry has been less proactive when it comes to second liens.
The New York Times reports that the SEC is tak
Second mortgage write-downs coming?
Modifications are still a crucial part of the government's strategy to deal with the real estate meltdown ( credit crisis news). To further the cause of more modifications, which has gone slower than most people would've liked, at least one politician, Barney Frank of Mass., is calling on the C
An interesting look at the home equity loan bubble
The New York Times offers a snap history of home equity loans, which used to be known as second mortgages, via the many memorable ads the banking industry churned out. Citigroup's "Live Richly" campaign, which cost some $1 billion from 2001 to 2006, was among the many that urged people to borr
