Banking
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Buy and bail, the newest trend in housing shenanigans
Jun 11, 2008It turns out that prices have fallen enough in some housing markets that existing homeowners can finally afford that second home — and then promptly stop paying on the first. The Wall Street Journal gives us anecdotal evidence of the so-called “buy and bail,” in which we see borrowers trading a new mortgage for a defaulted one:
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Meet the New Sheriff, Same as the Old: MI Bounces Back As Seconds Fade
Jun 11, 2008 -
Hudson City Touts Mortgage Growth
Jun 11, 2008 -
States Struggle to Come to Terms with Mortgage Mess
Jun 10, 2008 -
Originators Get Bullish on Growth, Despite Market Gloom and Doom
Jun 10, 2008 -
Changes to LIBOR Loom; Will Borrowers Feel the Squeeze?
Jun 10, 2008 -
Mortgage Delinquencies Rise Nearly 62 Percent in First Quarter
Jun 10, 2008 -
Citi, Merrill, Lehman, WaMu See Shares Hit by Analysts’ Calls
Jun 09, 2008 -
Fannie and Freddie Pick Up Jumbo Conforming Pace
Jun 06, 2008 -
Senate Banking Panel to Examine Investment Banks, Mortgages
Jun 06, 2008
