Credit Suisse Being Sued For High Loan-To-Value Loan
January 4, 2010
Credit Suisse is being sued in Montana for allegedly making loans based on inflated appraisals, so that it could take over when the debts couldn’t be repaid.
Classic. This would set a pretty gnarly precedent if the lawsuit goes anywhere.
Blixseth is suing for losses from his property at the Yellowstone Club in Montana, developed by his [...]
ARM Mortgage Reset Pain to Continue
July 14, 2008
A graph put out by Credit Suisse details the monthly volume of residential mortgages which will have their interest rates reset. The graph clearly indicates that we’re not out of the woods yet. In fact, what this graph indicates is that sometime towards the end of 2008 and early-mid 2009 we might begin to start [...]
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