New Orleans If there is anyone over the age of 10 years old that has any doubt that the pure and simple, unchecked greed of banks caused the mortgage meltdown triggering the Great Recession, please read, and listen carefully. Information now coming out on the dealings between Morgan Stanley, the Wall Street behemoth that acted as …
Tag: new century
Mortgage Brokers Wrest Free of Real Regulatory Reform
New Orleans On the eve of the subprime meltdown in 2007 in Orange County, I met with a co-founder and the new CEO, general counsel, and some of the board members of the high flying mortgage player, New Century, along with several ACORN leaders from California, and ACORN’s national housing directors. We listened to crazy …
Brokers Gone Wild Again! This Time Reverse Mortgages
Tokyo We have been a broken record about the fact that not only did Wall Street largely get away with their shenanigans the precipitated the US and worldwide housing crises in 2008, especially for their subprime fast dealing and dodging, but so for the most part did the wheeling and dealing mortgage brokers. Over and …