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Monthly Archives: March 2009
Fixed Income Outlook- $3.25 Trillion of New Debt May Be Sold – Bloomberg
Avoiding Treasuries – Analysis and Discussion with Loomis Sayles Vice Chairman Dan Fuss (Bloomberg News)
John McCain: Rally 09/18/08
John McCain Rally Green Bay, WI 09/18/08 TRANSCRIPT: JOHN MCCAIN: Now, my friends, Ive got to give you some straight talk; I know you want and you deserve it. We need reform in Washington and on Wall Street. The financial markets are in crisis. Times are tough; I know that the events unfolding can be hard to know for many Americans. The dominos that we have seen fall this week started with the corruption and manipulation of our home-loan system. The reason this crisis started was the abuses that took place with in our home loan agencies, Fannie Mae and Freddie Mac. Within our home loan system, two years ago I warned this administration and Congress that the regulations fixed for our home loan agencies, Fannie Mae and Freddie Mac, needed to be fixed, they disregarded it or the special interests over came it. But nothing was done. Senator Obama talks a tough game on the financial markets, but the facts tell a different tale. He took money from Fannie and Freddie more than any other senator, but the Democratic chairman of the committee that regulates them. He place Fannie Maes CEO, who helped make this disaster, in charge of finding his vice head. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sewing the seeds of the financial crisis we see today and enriching themselves with million, and millions, and millions of dollars of payments. Remarkable. When I hard-pressed legislation reform of Fannie Mae and Freddie Mac, Senator …
What Happens to a Borrower if the Bank That Holds Their Mortgage Fails?
I’ve seen alot of media about what happens to deposit accounts with banks that fail (FDIC insurance) but what about those people who have credit accounts with those banks?
The bank that holds my mortgage is different from the one that I uses for checking and savings and I’m certain that everything is FDIC insured as far as my income but what happens if my mortgage lender fails?
will my mortgage be sold? would there be a forclosure?
What a happens?
BTW my mortgage is in excellent standing right now. Thankfully

