Tag Archives: savings and loans

Profits Drop At JP Morgan

Big surprise here: Profits at JPMorgan Chase fell by 84 per cent in the third quarter as bad mortgages inherited through its acquisition of the failed Bear Stearns took their toll. The American bank made a profit of $527 million … Continue reading

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Let’s Talk Real Estate

From the Washington Post: Q I inherited a home from a family member, and it has no mortgage. If you rent the home to the caretaker, you might give her time to get her finances in order until she has … Continue reading

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Regulating America’s Mortgages

NEW YORK (Associated Press) – A regulator whose agency would disappear under a Bush administration plan to revamp financial oversight says his agency should instead be given expanded power over the U.S. home loan market. John Reich, director of the … Continue reading

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What Can We Learn From The 1930s?

Alex J. Pollock writes for the Washington Post about plans for government intervention into the mortgage mess. He says the Home Owners’ Loan Corporation (HOLC) was one such successful temporary intervention; its help in the 1930s mortgage crisis holds lessons … Continue reading

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