Archives for September, 2011

For Bank of America, a looming $50 billion headache

For Bank of America, a looming $50 billion headache Bank of America’s potential liability for bad mortgages in the tens of billions of dollars is well known. But Bank of America is haunted by other demons from the financial crisis. The most significant is a lawsuit arising from Bank of America’s troubled Merrill Lynch acquisition. [...]

Bank of America to pay whistle blower $930,000

Bank of America to pay whistle blower $930,000 The Labor Department ordered Bank of America to reinstate and pay $930,000 to an employee, who was fired after reporting instances of possible fraud among Countrywide Financial Corp. employees. The Labor Department’s Occupational Safety and Health Administration division in San Francisco launched an investigation after a Los [...]

McMinnville, OR 3 Bed, 2 Bath Ranch Home on Cypress St "$129,700"

McMinnville, OR 3 Bed, 2 Bath Ranch Home on Cypress St “$129,700″ This is a single level 3 Bed, 2 Bath Ranch style home located in a nice neighborhood in McMinnville. Perfect for the first time home buyer or an investment property. Click on the link below to view pictures and all values and comps. [...]

"Light Fixer" N Portland, OR Home on Willamette Blvd for $159,700

“Light Fixer” N Portland Home on Willamette Blvd for $159,700 Looking for a good investment near University of Portland? This home has been a rental for years and need some TLC. Perfect for a first time home buyer or and investor who wants to rent to students. Great Opportunity Here! Click on the link below [...]

Pension Funds Sue Fannie Mae Conservator

Pension Funds Sue Fannie Mae Conservator Arguing that the priority for payment of unsecured claims against government-controlled GSEs Fannie Mae and Freddie Mac are inherently corrupt, the Ohio Public Employees Retirement System OPERS and the State Teachers Retirement System of Ohio STRSO are suing Fannie Mae conservator Edward DeMarco. DeMarco, FHFA’s acting director, imposed the [...]