Posts Tagged ‘arm’JPMorgan Tackles Troubled MortgagesThis post first appeared on Minyanville. The mortgage bailout parade marches on. Just days after rival Bank of America (BAC) announced plans to modify hundreds of thousands of mortgages, JPMorgan (JPM) released details of a homeowner rescue plan of its own on Friday afternoon. Following its takeover of both Bear Stearns and Washington Mutual, JPMorgan’s inventory of [...] Keepin’ It Real Estate: Realtors Try Used-Car Salesman TacticsThis post first appeared on Minyanville. That glitzy McMansion you’ve always wanted may finally be within reach. Or not. If nearly 3 years of home price declines, historically low interest rates and a relentless media barrage of half-truths from the National Association of Realtors haven’t been able to stabilize home prices, it’s doubtful a gimmicky [...] New Countrywide Suit Tries To Foreclose ForeclosuresThis post first appeared on Minyanville. When Bank of America (BAC) agreed to buy Countrywide, it didn’t just take on a mountain of questionably valued mortgage-related assets. It also took on huge legal liability. San Diego City Attorney Mike Aguirre, who has a penchant for punitive lawsuits that rarely result in much more than a [...] |