Is Any Company Safe from Subprime Related Lawsuits?

...He cites as examples appraisers, "fee hungry" mortgage brokers, and real estate agents who participated in putting home buyers into subprime mortgages they could not afford.

There may also be, as Lenckus puts it, an unknown number of "widget manufacturers" which bought various mortgage- backed financial instruments as investments that must now be devalued. This will impact the company's bottom line and provide an impetus for shareholder suits.

Even companies that did not invest in subprime instruments may be vulnerable...

Written by Mortgage News Daily - Mortgage And Real Estate News on June 30th, 2008 with no comments.
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Treasury’s Paulson Says Fed’s Role Must be as a Stabilizer

Speaking to journalists en route to Berlin, Treasury Secretary Henry Paulson said that his speech on July 2 will focus on the Federal Reserve's role as a macro stability regulator.

Paulson said that speech will focus on the Federal Reserve's process for intervening in financial affairs and that any intervention by the Fed must be paired with market discipline.

Written by Mortgage News Daily - Mortgage And Real Estate News on June 30th, 2008 with no comments.
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