Hints and tips:
...After all, consumers were enjoying a bonanza of cheap mortgages; nobody felt much need to challenge the status quo....
...“We bring together expertise on the financial system with lots of Silicon Valley connections,” Mr Morris said at the time....
...For the whole group, aggregate fee income was up 6 per cent from the first quarter and 10 per cent from a year earlier....
...From How Music Got Free by Stephen Witt, published on June 16, 2015 by Viking, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Copyright by Stephen Witt, 2015....
...Barratt, Redrow and Berkeley have all enjoyed an increase in sales activity this year despite the fragile recovery and the reluctance of banks to offer mortgages....
...BofA, JPMorgan and GMAC have temporarily suspended foreclosures while they examine their procedures....
...to buy commercial mortgages....
...Buyers tend to be upper-middle-class and middle-aged – people nearing retirement whose mortgages on their primary residences are nearly paid off, Blatz says....
...Mr Moffett is currently a senior adviser to the Carlyle Group, the private equity firm, and a director at eBay. He is also a board member at MBIA, the troubled bond insurer....
...Interest-only loans have been particularly prevalent at the upper end of the housing market - the "jumbo" loans above $333,700 in 2004, as defined by Fannie Mae and Freddie Mac, the mortgage finance groups...
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