Posts Tagged ‘Adjustable Rate Mortgages’

Goldman Sachs – Loan Servicing Policy and Report

Wednesday, February 25th, 2009

WHEREAS
Our corporation is one of the largest servicers of subprime and other alternative housing loans with servicing rights of about $54 billion of subprime loans as of the end of June and with other purchases from Fremont General in June and about $1.2 billion of loans and servicing rights from Popular Inc in September.
The Mortgage [...]

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Countrywide Financial – Report on the Subprime Mortgage Resets

Wednesday, January 23rd, 2008

WHEREAS
Whereas the problems resulting from poor subprime lending safeguards are having negative impacts on our company, millions of homeowners, our national economy, and global financial markets.
Subprime borrowers in adjustable rate mortgages may face unaffordable loan payments following rate resets, resulting in payment delinquency, foreclosure proceedings, and the loss of homes, negatively affecting communities, borrowers’ credit [...]

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NEWS & VIEWS

Tuesday, October 2nd, 2007

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