Mortgage Industry Trends

Over the past six months, much was made of the "emergency" need to rescue the nation's largest banks, lest the country enter a downward economic spiral that would have catastrophic consequences for

Finally, the folks over at Treasury have figured out how to fix what is ailing the credit markets- set up a special purpose vehicle to buy good, but hard to sell assets.

Congressman Barney Frank (D-MA) and House Speaker Nancy Pelosi (D-CA), continued the political farce in Washington regarding the financial industry troubles by doing what politicians do best in a cris

In retrospect, consumers, investors, central bankers, and now regulators all wonder what caused the once ethical mortgage banking to lose its sanity, while pursuing profits and pipeline deals.&nbsp

Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.

The WSJ dusted off an old mortgage story- the implosion and lawsuits surrounding American Business Financial Services (ABFS).&n

So what regulatory and audit challenges should be anticipated as the market rebalances and reassesses?

    To hear Congress and our presidential candidates tell the story, the recent collapse of the mortgage industry, which has fueled the largest number of property foreclosures since

Another day, and another financial institution falls casualty to the mortgage industry collapse.

Merrill Lynch lost how much money?

I think at some point, the Wall Street Journal's editorial page looses credibility- at least for me- because of the constant series of columns and essays that are so one sided in their antipath