WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch

KBRA: More smoke than fire in Ocwen’s restated earnings

Cautions that MSR transactions could see more regulatory scrutiny
W S
Investments / The Ticker

Size matters for non-agency mortgage REITs

/ Print / Reprints /
| Share More
/ Text Size+

The noted economist E.F. Schumacher wrote a book in the 1970s entitled "Small Is Beautiful" and it became a kind of cult classic among environmentalists, alternate life proponents and assorted "troublemakers".

He had some very good points and championed the notion of "appropriate technology."

It was one of those books which led a reader to note that the author had some truly brilliant insights without ever coming into total agreement with the thesis. Anyhow, small is NOT beautiful when it comes to NMREITs.

 

Source: Seeking Alpha
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus