Archive for November, 2011

Bank of America Settlement

Friday, November 25th, 2011

NEW YORK, Nov 3 (Reuters)

Investors want to lift the “shroud of secrecy” over the proposed $8.5 billion settlement of Bank of America Corp’s mortgage-backed securities liability in the coming weeks, a lawyer said on Wednesday.

Dan Reilly, a Colorado lawyer representing American International Group Inc, told a New York federal judge that some investors want negotiations and documents over the deal to be made available to parties who have an interest.

(more…)

Technorati Tags: , ,

Share

Huge Bonuses for Fannie & Freddie Execs

Saturday, November 12th, 2011

Article taken from Politico: Written by Josh Boak & Joseph Williams

The Obama administration’s efforts to fix the housing crisis may have fallen well short of helping millions of distressed mortgage holders, but they have led to seven-figure paydays for some top executives at troubled mortgage giants Fannie Mae and Freddie Mac.

(more…)

Share