Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'BAC'

ARTICLES

Countrywide’s Mozilo may face lawsuit over subprime mortgages

This time prosecutors have a new weapon
Brena Swanson
Although Countrywide Financial no longer exists, co-founder Angelo Mozilo is allegedly not in the clear as prosecutors still want to hold him responsible for the company’s role in the U.S. housing bubble, according to a Bloomberg report.
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Citi wasn’t too big to fail Fed stress test

BAC, GS pass while HSBC and RBS fail
Trey Garrison
Citigroup, Royal Bank of Scotland, and HSBC Holdings were three of the five banks that failed the Federal Reserve’s annual stress tests.
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Opposition growing among banks, lawmakers to Camp tax reform proposal

Primary focus on the excise tax on financial firms
Trey Garrison
Banking associations, leading financial institutions and now a number of House Republicans are coming out with grave concerns and – in the case of some big banks – outright if still quiet opposition to a comprehensive tax overhaul being proposed by the head of the House Ways and Means Committee.
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Wells Fargo settles forced placement lawsuit for undisclosed amount

Will pay affected owners 11% of premiums
Trey Garrison
Wells Fargo and two insurance companies agreed to repay homeowners in cash up to 11% of the premiums paid before March 24, 2012, in a settlement reached Thursday.
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BofA 10-K may equal huge Ambac reps and warrants recovery

No guarantees, but recent rulings give Ambac momentum
Trey Garrison
Ambac Financial Group may benefit from something in Bank of America's 10-K filing posted Tuesday evening regarding its plans to pay for representation and warranty breaches.
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It's a landlord's world now

Another report suggests multifamily is gaining traction
Kerri Ann Panchuk
Is it time to bet on multifamily? More housing analysts say, yes. What was once a market dedicated to homeownership and long-term investments is shifting somewhat.
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Which bank paid the most for past mortgage sins?

TBTFs spend a fortune defending themselves
Trey Garrison
The banks are still paying through the nose for mortgage related litigation. Find out which three paid the most and who looks like they've put it behind them.
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HW 30, banks, Impac up slightly Tuesday

Moderate gains seen among banks
Trey Garrison
The stock for JPMorgan Chase closed up 0.07%, while Wells Fargo climbed just 0.07% after posting solid fourth-quarter profits even if JPMorgan Chase missed analyst estimates.
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HW 30 heats up as Northeast goes cold

Trey Garrison
Everyone was cool to Hercules and to what Philly Fed president Charles Plosser said about interest rates. Everyone except for the financial players in the HW 30 index.
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DOJ pursuing mortgage securities case against Citi, Merrill Lynch

The DOJ is reportedly preparing another civil suit over the packaging and selling of mortgage-backed securities. This time the potential defendants include Bank of America-Merrill Lynch and Citigroup.
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