Faced with regulator pressure to secure $10bn in fresh capital, Citigroup [stock C][/stock] is considering some creative pay alternatives for its employees. It's also considering forcing shareholders to step up to the fund-raising initiative.
A report released yesterday by Moody's Investors Service found that early defaults on the 2007 mortgage vintage are worse than what was seen one year ago, pointing to extended problems for the mortgage market.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.