Hints and tips:
...Think of Mr. Spock in “Star Trek.” In a world of Econs, many things would in fact be irrelevant....
...A recent earnings release from Nationstar said it had improved payment rates on 17 per cent of its subprime loans originated between 2004 and 2007, the best performance among US mortgage servicers....
...ResCap will add $374bn to the almost $200bn of mortgage assets already serviced by Nationstar, the largest non-bank mortage loan servicer in the US....
...However, this fell apart following a ratings downgrade at B&B, which led to TPG withdrawing from the sale....
...As recently as December Mr Feinberg wrote in a letter to investors that in “the case of GMAC and Chrysler, we still believe we bought well....
...TPG walked away from a planned £179m injection into Bradford & Bingley, the ailing mortgage lender, after the Financial Services Authority hastily organised an alternative investment from existing B&B investors...
...More to the point, Mr Mozilo, Countrywide, and the rest of the froth on the mortgage finance market were doing just what both parties in government wanted. Early in his presidency, George W....
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