And we thought the only thing “shady” loan officers and brokers needed to worry about were more regulations and finding a job. Now, it looks like some disgruntled clients may be looking for a pay back and it’s not just money they are looking for, it may mean murder.
WASHINGTON (AP) — Hiring practically stalled in December, driving the nation’s unemployment rate up to 5 percent, a two-year high. The new figures fan fears the economy could slide into a recession.
Last month, employers added the fewest new jobs to their payrolls in more than four years, said the jobs report released Friday by the Labor Department. The report also showed that employment conditions are deteriorating, strained by a housing slump and credit crunch that are sapping economic strength.
There is one big question looming for homeowners and commercial real-estate investors this year: How much worse will it get?
The past year was the most painful in decades for residential real estate, as defaults on loans to less-creditworthy borrowers created a broader credit squeeze. House prices fell, home ownership dropped, foreclosures soared, and the housing market emerged as the soft underbelly of the economy…
A clear plastic plaque on William Komperda’s desk memorializes a 1990 deal that helped launch the made-in-Orange County subprime lending bonanza.
Komperda, a former investment banker now living in Connecticut, calls the plaque a "tombstone," financial speak for a securities offering notice. But the "tombstone" symbolizes an industry that rocked financial markets around the world in 2007.
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