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Rtc

Banks Are Reluctant To Recognize Their Bad Deals

Jerry Chautin | Posted 05.25.2011 | Business
Read More: Tampa Bay, Occ, Banks, Distressed Assets, Naa, Apartments, Owners, Office of Comptroller of the Currency, Rtc, Office Buildings, Business News, Shopping Centers, Resolution Trust Corporation, Commercial Real Estate, Bank Regulators, Savings and Loans, Naiop, Icsc, Boma, Business News
Jerry Chautin

Once again, lenders are making believe that defaulted-loan problems will go away if they wait long enough. Industry jokesters call it "extend-and-pretend."

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Freddie Mac and Fannie Mae Must Marry, Shrink and Change

Jerry Chautin | Posted 05.25.2011 | Politics
Read More: Insuring Mortgages, Hud, Affordable Housing, Bill Seidman, Tainted Assets, Foreclosed Real Estate, Mortgage Bonds, Obama Administration, Low and Moderate Income, Real Estate, Sen. John MacCain, Federal Housing Administration, Loans, Multifamily Loans, GSE Amendment, Rtc, Higher Loan Amounts, Mortgage-Backed Securities, Business News, Treasury, Resolution Trust Corporation, Home Loans, One to Four Family Loans, Fha, Sen. Richard Shelby, Government Bailout, Five or More Family Loans, Apartment Financing, FDIC. President George H.W. Bush, Federal National Mortgage Association, Federal Home Mortgage Corporation, Guarantying Mortgages, Fannie Mae, Congress, Democrats, Gses, Single Family Loans, Freddie Mac, Federal Deposit Insurance Corporation, Department of Housing and Urban Development, Guarantying Bonds, Rental Apartment Loans, Lending Programs, Sen. Judd Gregg, Economic Recovery, Republicans, Scrutinizing Mortgages, Politics News
Jerry Chautin

But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.

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Banking: Transfer Toxic Assets to a New RTC

Jerry Chautin | Posted 05.25.2011 | Business
Read More: Fdic, Politicians, S&L Crisis, Rtc, President Obama, Banking Crisis, Economic Recovery, Resolution Trust Corporation, Toxic Assets Plan, Financial Institutions, Business News
Jerry Chautin

These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.

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Marketing for Grownups: Selling the Rescue Plan

Alan Fein | Posted 05.25.2011 | Business
Read More: Politics, John McCain, Economics, Economy, George W. Bush, Presidential Election, Henry Paulson, Bailout Plan, Rtc, Vulture Funds, Barack Obama, Business News
Alan Fein

Bush noted that the effect of just Monday's drop in the market capitalization of the stock market was in excess of $1 trillion -- that's right, more than the $700 billion "bailout."

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Not So Fast On Mortgage Solutions

Washington Independent | Charles R. Morris | Posted 05.25.2011 | Business
Read More: Credit Crisis, HOme Owners Loan Corporation, Subprime Mortgage Crisis, RTC, Home Mortgages, Mortgage Solution, Recession, Chris Dodd, Ben Bernanke, Subprime Mortgages, Resolution Trust Corporation, Holc, Credit Crunch, Mortgage Sellers, Business News

A drumbeat is building for some form of federal takeover of troubled home mortgages. Sen. Chris Dodd (D-Conn.) is leading the charge in the Congress, ...

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