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Showing posts with label Law. Show all posts
Showing posts with label Law. Show all posts

Tuesday, August 23, 2011

Bloomberg: Homeowner Associations in Need of Cash Sue to Force Foreclosures

Homeowner Associations in Need of Cash Sue to Force Foreclosures
By John Gittelsohn - Aug 23, 2011 08:01 PM

Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. (JPM) to foreclose on unit 9, so they sued the bank in February to take control of the property.

Wednesday, April 20, 2011

Bloomberg: Banks Await Foreclosure Deal’s Financial Terms as States Split

Related News: Law · Finance · Insurance · Real Estate · U.S. · Funds · Politics · Municipal Bonds
Banks Await Foreclosure Deal’s Financial Terms as States Split
By David McLaughlin - Apr 21, 2011 3:33 AM GMT+0900

Attorneys general negotiating the settlement of a nationwide foreclosure investigation have yet to approach banks with a proposed dollar amount that would fund principal reductions for borrowers, a state official said.

Monday, April 11, 2011

Bloomberg: U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales

Related News: Finance · Law · Europe · U.K. & Ireland · Bonds
U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales
By Jon Menon and Gavin Finch - Apr 11, 2011 7:55 PM GMT+0900

The Independent Commission on Banking recommended the U.K.’s biggest banks should hold core Tier 1 capital levels of about 10 percent, implement plans for an orderly bankruptcy and ring-fence consumer units in what it termed a “moderate” set of proposals.

Monday, March 28, 2011

Bloomberg: Portuguese Bailout Costs More Than Money Alone: Matthew Lynn

Related News: Economy · Finance · Law · Eastern Europe · Europe · France · India & Pakistan · Latin America · U.K. & Ireland · U.S. · Opinion · Funds · Municipal Bonds · Matthew Lynn
Portuguese Bailout Costs More Than Money Alone: Matthew Lynn
By Matthew Lynn - Mar 29, 2011 8:00 AM GMT+0900
Bloomberg Opinion

Is it 50 billion euros? Or perhaps 70 billion euros? The cost of bailing out Portugal varies according to who makes the calculation. No one will know the real price until officials from the International Monetary Fund and the European Central Bank tell us.