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  1. somdrenter

    Don't Pay? You can stay!

    Fannie to Rent to Owners in Foreclosure - So your $400K house is now worth $300K. Rent it back for a year and purchase it for $250K..... That's great incentive for the neighbor paying mortgage and taxes on a $400K. Oh well, from each according to his ability, to each according to...
  2. somdrenter

    CIT files for 5th largest U.S. bankruptcy

    Now that's $2.3B well spent.... CIT files for bankruptcy as part of reorganization plan - Nov. 1, 2009
  3. somdrenter

    Bank of America Writeoffs May Rise 10%

    Bank of America Writeoffs May Rise 10%, Analyst Says (Update2) -
  4. somdrenter

    Another $6 Billion.......

    The Associated Press: Freddie Mac gets another $6.1B from gov't
  5. somdrenter

    Hope you had fun at the tea party… - nation, world, technology and Washington area news and headlines
  6. somdrenter

    Shiller: House Prices Still Way Too High

    Shiller: House Prices Still Way Too High
  7. somdrenter

    Aw, that’s just walking around money…

    Summers, Lawmakers Call AIG Bonus Plan ‘Outrageous’ (Update1) -
  8. somdrenter

    Who won't be helped by housing fix

    The jobless and many of those who owe far more than home is worth won't benefit much from Obama's foreclosure prevention plan. Foreclosure fix: Who won't get help - Feb. 20, 2009
  9. somdrenter

    Flood of foreclosures: It's worse than you think

    Prolonging the downturn…….
  10. somdrenter

    And behind door #3.. Nationalized Banking..

    U.S. to buy into top banks - Oct. 14, 2008 The Associated Press: Bailout becomes buy-in as feds move into banking
  11. somdrenter

    Plenty of this $tuff to go ‘round

    Central banks offer unlimited dollar funds - Oct. 13, 2008
  12. somdrenter

    Incentive anyone? - Bank of America settles suits over bad mortgages in Ohio, other states
  13. somdrenter

    Short Reach for Md. Housing Aid - nation, world, technology and Washington area news and headlines
  14. somdrenter

    New bailout planned

    Privatize the gain, socialize the loss. Welcome Comrades. Government planning a new bailout - Sep. 18, 2008
  15. somdrenter

    Pick-a-payment loans turn poisonous

    Pick-a-payment loans turn poisonous - Sep. 3, 2008
  16. somdrenter

    Soooo that’s how they did it…..

    Florida tops 1Q mortgage fraud list By J.W. ELPHINSTONE – 5 hours ago NEW YORK (AP) — Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday. Properties in the Sunshine State...
  17. somdrenter

    Right on cue..U.S. plan to save Fannie and Freddie

    U.S. plan to save Fannie and Freddie Paulson and Bernanke proposal would give mortgage finance giants bigger line of credit with Treasury and open NY Federal Reserve lending window By Tami Luhby, senior writer Last Updated: July 13, 2008: 8:54 PM EDT NEW YORK (
  18. somdrenter

    Regulators seize troubled IndyMac

    Feds take over mortgage lender IndyMac. FDIC will seek buyer. May become most expensive bank collapse ever. NEW YORK ( -- In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bank was taken over by federal regulators on Friday...
  19. somdrenter

    Case-Shiller Home Prices Fell 9.1% in December

    S&P/Case-Shiller Home Prices Fell 9.1% in December (Update1) By Shobhana Chandra Feb. 26 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas fell in December by the most on record, reflecting the deepening housing recession, a private survey showed today. The S&P/Case-Shiller...
  20. somdrenter


    A great illustration of CDOs, complete with stick figures and foul language. subprime works - Google Docs :rolleyes: