As a supervisor at a washington mutual mortgage processing centre, John D Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes. How by saying yes, WaMu built empire on shaky loans. San diego, Mon Dec 29 2008, 23:20 hrs . Top Stories.. Now get up to 75% of gold value.
It was sent on a long loan to a regimental museum in. that whatever its achievements, the British empire, like every empire before or since, was both gained and maintained by military might, and.
Chan is the founding principal of an empire of schools teaching 3,187 students from pre. an existential crisis for traditional public schools. “Not all charters are bad,” UTLA Alex Caputo-Pearl.
This is an interesting article which is an editorial from NY times. All credit for this article goes to NY Times Editorial Return of the Predators The demise of the sub-prime mortgage industry has been hard on predatory brokers, too. They feasted for years on bad loans.
In it, a number of (mostly former) WaMu employees tell the story, and (assuming the stories and this report are reasonably accurate) it’s clear that the excesses at WaMu, anyway, were the result of policy. Wholesale giveaways of loan money to those who could not possibly repay it, and the subsequent sales of those bad loans as "securities" to unsuspecting investors was dictated by those at the top.
While Realty (and most REITs) might currently be treated as such by many investors, the crucial fact is that overpaying for any dividend stock, no matter the quality or safety of the dividend is a bad.
Mortgage funnies by the portfolio loan and mortgage master. Owning a home is like renting, minus. Posted in: Florida VABuilt an Empire on Bad Loans .
Retired Teachers Scammed In Ponzi Scheme – Securities Law ponzi schemes category archives – Page 4 of 5 – Securities. – The U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Southern District of Florida have each charged miami-based investment advisor phil Donnahue Williamson for his alleged role in a $2,000,000 Ponzi scheme that defrauded hundreds of retired public sector workers, including school teachers and law enforcement agents.4 ways to pay off your mortgage early and calculate the savings Mortgage Masters Group
WaMu gave mortgage brokers handsome commissions for selling the riskiest loans, which carried higher fees, bolstering profits and ultimately the compensation of the bank’s executives. WaMu pressured appraisers to provide inflated property values that made loans appear less risky, enabling Wall Street to bundle them more easily for sale to investors.