Category: Housing

Servicers Get Deserved Hit for Bungling Loan Modifications

Posted by: Mara Der Hovanesian on July 29

The Home Affordable Modification Program that is designed to get homeowners out of their troubled mortgages is moving at a snail’s pace—and the servicers’ strategies are riddled with conflicts….

Option ARM Loan Modification Outlook Dismal

Posted by: Mara Der Hovanesian on July 27

Those nasty pick-a-pay mortgages, the ones that allowed borrowers to pay less than interest thereby adding to principal balances every month, continue to be among the most worrisome mortgages still…

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BusinessWeek's Adrienne Carter, Jessica Silver-Greenberg, and David Henry deconstruct the mysteries of high finance, Wall Street, and hedge funds for pros and ordinary investors. E-mail them directly if you've got tips about big deals, a hedge fund, or even securities industry gossip.

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