On how to buy notes:
“Can I get some distressed loans with my bonus, please?”
Credit Suisse (CSFB) just announced that it was going to pay its execs’ bonus compensation from a pool of non-performing assets on their balance sheet ($5 Billion was the initial amount indicated).
Now this is an interesting concept - talk about drinking from the [...]
Loan Modifications… Who took my Non-performing Mortgage?
OK, so the word is out, the Doctor is in, and the medicine is … loan modifications. Specifically, principal write-downs.
Interesting.
The Hope for Homeowners initiative passed by Congress in July and officially launched a month-and-a-half ago to much acclaim, is a potentially positive FHA insurance package aiming to insure $300B [...]
