Principal Cuts

'100 Percent Protected' Isn't As Safe As It Sounds

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Gretchen Morgenson, Principal, Principal Cuts, Principal Protection, Principal-Protected Notes, Business News

Brokers selling complex securities that they once contended were safe and sound have saddled individual investors with billions in losses since the cr...

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Shahien Nasiripour

JPMorgan Chase, Citing Sanctity Of Contracts, Argues Against Mortgage Modifications

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, Mortgage Modifications, Wells Fargo, Alan White, Bank of America, Mortgage Crisis, Jamie Dimon, Principal Writedowns, JPMorgan Chase, Loan Modifications, Principal Cuts, Financial Crisis, Junior Liens, Citigroup, Second Mortgages, Business News

With millions of homeowners losing their homes to foreclosure during this recession, megabank JPMorgan Chase plans to argue against the Obama administ...

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Shahien Nasiripour

Obama Foreclosure Plan Makes It Harder For Banks To Reduce Principal For Underwater Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Principal Cuts, Principal Writedowns, Mortgage Modifications, Loan Modifications, Mha, Hamp, Making Home Affordable, Home Affordable Modification Program, Occ, Banks, Wall Street, Foreclosure, Foreclosure Crisis, Business News

The Obama administration's plan to help struggling homeowners has had the unintended consequence of making it harder for them to get the most effectiv...

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Shahien Nasiripour

Treasury Getting More Comfortable With Principal Write-Downs -- Sort Of

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Fdic, Mortgage Modifications, Laurie Goodman, Homeowners, Principal Writedowns, Underwater Mortgages, Foreclosure Crisis, Loan Modifications, Principal Cuts, Treasury Department, Financial Crisis, Housing Crisis, Sheila Bair, Negative Equity, Business News

Is the Treasury Department finally going to help homeowners who owe more than their homes are worth get out from underwater? Maybe, maybe not. At a ...

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Shahien Nasiripour

Obama Administration Knew Foreclosure Program Wasn't Working Right, Did Nothing

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Principal Reduction, Foreclosures, Mortgage Modifications, Laurie Goodman, Making Home Affordable, Mha, Alan White, Obama Administration, Underwater Mortgages, Mortgage Crisis, Hamp, Foreclosure Crisis, Loan Modifications, Home Affordable Modification Program, Principal Cuts, Treasury Department, Financial Crisis, Seth Wheeler, Negative Equity, Business News

This story has been updated: See below. Even as the Obama administration's signature foreclosure-prevention program has foundered, Treasury Departmen...

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