Introduction. Well, it’s been nearly five years since the 3Q 2007 collapse of the credit and housing markets. How time flies! Are we having fun
Following the Morgan Stanley Mess, B.L. Zebub, Belial Bank’s now skittish leader, begins to wonder if his own empire is “Too Big to Manage.” In
“Taking on these greater risks raises the likelihood that an investor, even a major financial institution, suffers large losses. If they suffer large losses, then they
“To the dismay of many of Obama’s supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the
After taking one on the chin, compliments of Federal Judge Michael Simon in James II, the bank we love to hate has decided it needs
“Wells Fargo’s conduct is clandestine. Rather than provide Jones with a complete history of his debt on an ongoing basis, Wells Fargo simply stopped communicating
No sooner did I post a piece about the evils of force-placed insurance [here], than American Banker interviewed Kevin McKechnie, executive director of the American
“All things considered, I think I’d rather be a poor lawyer than a rich banker. At least the legal industry has ethical rules and disciplinary
With the slowdown in real estate and the increasing difficulty in obtaining bank financing, some home sellers have begun to consider carrying the financing themselves
Oregon Revised Statute 94.712 is worth noting by distressed property sellers and their Realtors®. Section (1) reads as follows: “An owner shall be personally liable
