AIG ventures back into subprime mortgages - Fort Wayne Journal Gazette

AIG ventures back into subprime mortgages Fort Wayne Journal Gazette AIG, which is also bolstering its unit that insures home loans with low down payments, is wagering that a 35 percent plunge in property values, cheaper prices for the securities and fewer competitors justify returning to investments that four years ago ...

AIG Wagers on Subprime Betting Second Time is Different - BusinessWeek

AIG Wagers on Subprime Betting Second Time is Different BusinessWeek AIG, which is also bolstering its unit that insures home loans with low down payments, is wagering that a more than 35 percent plunge in property values, cheaper prices for the securities and fewer competitors justify returning to investments that four ... and more »

Borrowers Face Big Delays in Refinancing Mortgages - Wall Street Journal

Wall Street Journal

Borrowers Face Big Delays in Refinancing Mortgages Wall Street Journal The housing bust wiped away $7 trillion in household equity, leaving many homeowners with too much debt to qualify for new loans. But the mortgage sector's limitations are further undermining the Federal Reserve's effort to boost the economy by holding ... and more »

Making mortgage payments is tough - Las Vegas Sun

Making mortgage payments is tough Las Vegas Sun He stated that he and his wife, Connie, stopped making payments on their house three years ago when their loan payment ballooned — almost as if they had no clue this was going to happen. So, they take out a balloon mortgage and apparently pay on it ...

No Hassle For Bernanke: New Fed Governors Won't Limit The Chairman - Forbes

No Hassle For Bernanke: New Fed Governors Won't Limit The Chairman Forbes Powell is a lawyer and has a past in private equity, noted Nomura's research team. He served as Under Secretary of the Treasury for Finance during the Presidency of George Bush Senior, and is a Princeton graduate. Both will “likely increase the ... and more »