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All posts tagged "default rate"

  • Worth Reading – New Tack in Default Battle: Cutting Mortgage Principal

    Reducing the principal on mortgages is “a last resort,” says Paul Koches, executive vice president at Ocwen Financial Corp., a West Palm Beach, Fla., loan servicer that has shrunk the amount owed on 10,884 delinquent mortgages as...

    • Posted November 20, 2008
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  • Citigroup to Say Goodbye to 39,500 More Workers

    Kerthunk! That’s the sound of the other shoe dropping on Citigroup. I thought I was ahead of the game when just last week I wrote Citibank to Fire 10,000 Workers And Raise Your Interest Rates. Well at...

    • Posted November 17, 2008
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  • Archeologists Finds 3,000-Year Old Credit Card Bill

    An Israeli archeologist has discovered what he says is the earliest-known Hebrew text, found on a shard of pottery that dates to the time of King David from the Old Testament, about 3,000 years ago. Carbon dating...

    • Posted October 30, 2008
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