Lots of links since I have been off for a few days. Here’s the first batch.
News links for 16 Apr 2013
Ultimate Statistics Senator takes on US regulators’ $9.3bn foreclosure agreement | FT Alphaville
"In January 2013, the Fed and OCC pulled the plug on the review for the majority of the servicers, by agreeing a $9.3bn settlement with them. This headline figure comprises $3.6bn of cash payments and the rest is to support loan modifications.The most spectacular failures by banks, such as those which affected servicemen and women, will result in compensation of some $125,000 per affected family. However, the vast, vast majority will receive compensation in the region of $300-1,000 each.Homeowners get a whopping $100 more if they fall under “Modification request received but no underwriting...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.