Will these 10 firms’ high default ratios wind up costing taxpayers a bundle? If you read the news everyday, you’ve probably seen more and more headlines like these in recent months: “Government Shuts Down Troubled Mortgage Firm” and “HUD Probes High-Default Lenders.” Such language might lead you to believe that the feds are weeding...
On Saturday, I wrote a post containing some ideas to make principal reductions more palatable to banks. Right now, banks want nothing to do with them, mostly because they don’t want to declare big, immediate losses. I’ve subsequently gotten several comments and e-mails about what I proposed. I want to clear a few things...
Consumer Watchdog says Anthem violated California’s health and safety code when it closed policies to newcomers and offered remaining customers alternative plans with fewer benefits at higher rates. A consumer group sued Anthem Blue Cross on Monday, accusing California’s largest for-profit health insurer of violating state law by closing certain policies to new members...
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