Posts Tagged ‘Residential Mortgage Backed Securities’

Everything You Need to Know About Mortgage Backed Securities with Impac President William Ashmore

Written on 27 Jun, 2013 at 18:28

It's Bill Ashmore, President of Impac Mortgage... answering questions about the ins and outs of mortgage backed securities and the meltdown that began in 2007. ... (Continue reading)

What Makes a Mortgage a “Bad Loan?” I’m Confused.

Written on 20 May, 2013 at 4:43

Or do we only judge a loan to be "bad" after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan "good" until it defaults and then it becomes "bad." And is... (Continue reading)

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One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

Written on 17 May, 2013 at 17:40

There is one mortgage banker that did it right for their shareholders and borrowers. They didn't take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)

Tagged with: AIG auction.com bailouts bank of america bondholders CDOs citibank credit default swaps diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Ginnie mae Goldman Sachs HAMP Impac Impac Mortgage Holdings Inc. Indymac bank investors modifying loans Joe Tomkinson jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman max gardner ml-implode mortgage crisis mortgage meltdown mortgage refinancing mortgage servicers NACA National Mortgage Settlement obama administration one west bank Residential Mortgage Backed Securities RMBS Ron Morrison servicers deny modifications TARP Treasury Secretary Tim Geithner trial modifications wall street bankers wells fargo bank William "Bill" Ashmore