The Invisible Meltdown Of The Insurance Industry
As discussed previously, Next Bailout - Insurance Industry?, the insurance stocks have continued their disastrous sell off. Yet, I have seen virtually nothing in the mainstream press about the dangers of an imploding insurance industry - this [...]
Debt Collection M&A Is Booming As Collections Collapse
Business Week reports that amid a general collapse in the mergers and acquisitions (M&A) field, one area that is still booming is in acquisitions of companies that buy and collect on defaulted consumer debt. Acquisitions of $1.8 [...]
Bailout Demands Reach New Levels Of Lunacy
As reported in the RepublicanAmerican newspaper, the demand for a piece of the $700 billion bailout fund has reached new levels of lunacy. Originally, the bailout was passed by Congress to rescue our banking system from collapse, [...]
Where Have All The Stock Buybacks Gone?
Given the magnitude of the stock markets decline, one would think that there would be major announcements from companies announcing stock buybacks. I recall after the crash of 1987 when numerous companies announced major stock buyback programs [...]
Loan Modifications - Salvation For Former Mortgage Brokers?
From my industry contacts and investigation of the loan modification “business” there are several conclusions easily reached:
- The Internet is extremely crowded with unknowledgeable, coarse idiots who are all attempting to haphazardly create businesses doing loan [...]
Treasury Officials Announce Mortgage Holiday
News Release: Sometime in 2010.
The United States Treasury Secretary is expected to release details today of the Government’s plan to suspend for one year all payments due on mortgages secured by single family residences. The Government announced [...]
Loan Modification - Someone Forgot To Ask The Investors
Purchasers of mortgage debt, formerly known as investors but now known as bag holders were distressed that Bank of America (BAC) did not consult with them prior to deciding to modify customer mortgages, as reported by the [...]
American Express - A Single Digit Stock?
Despite the horrendous 72% sell off in American Express this year, I would still not be a buyer at the recent price of $19 for the following reasons.
From my personal experience in the mortgage business, I have [...]
