RMBS

Bank of America Sets Up a New Division: Hopeful Signs

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Just as my AOL Real Estate column on servicers and loss mitigation gets published, I see this news cross my desk…top: Bank of America President and Chief Executive Officer Brian Moynihan today announced changes to Bank of America Home Loans and Insurance that will continue the company’s strong momentum in extending home mortgage credit while … Read more

Foreclosuregate and Systemic Risk

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I continue to try and think through the various issues of foreclosuregate. There are a lot of them. And some of them are petrifying. In my last post, I wondered about title issues. In this one, I wanted to sketch out my understanding of the possible problems to the entire global financial system: systemic risk. … Read more