Pimco, NY Fed wants to force BofA to repurchase garbage mortgages. Pimco manages hundreds of billions in bonds and is a very big dog indeed
Chicago sheriff says no to enforcing foreclosures. This is the same sheriff who a while back refused to evict renters who were in homes that were foreclosed without their knowledge. We need more sheriffs like him.
Pass me a hanky. Haters won’t pipe down and let foreclosure king of Florida enjoy all the money he’s making off this mess.
Did mortgage giants intentionally sell mortgages which would default, to generate huge credit default swap and synthetic CDO payouts?