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- Scrambling homeowners still looking for solution (Daily Vidette)
www.dailyvidette.com Almost one in five homeowners has more debt to lenders than his or her home is worth. "We take the equity a homeowner has accumulated over the years and we use that to make a loan for the individual," Nancy Beck, branch manager of the Roscoe, Il. JPMorgan Chase Bank, explained.
- Taxpayers may pay legal bills for mortgage execs - BusinessWeek
www.businessweek.com When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of millions of dollars in legal fees for the executives at the center of the housing ...
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