Showing posts with label e. Show all posts
Showing posts with label e. Show all posts

Reading about: mortgage crisis news, the problems of e-mail,

0 comments
I admit this post is mostly an attempt to catch up with the news. Some interesting tidbits that I do not think need a full post - especially after a rather long day.

Looks like some lenders are stepping up to the plate and dealing with the subprime mortgage mess.

Freddie Mac, the government-sponsored company that is the second-largest buyer and guarantor of home loans in the country, announced Wednesday that it will buy as much as $20 billion in fixed-rate and adjustable-rate mortgages to help borrowers with high-priced loans keep their homes. The new mortgages, expected to be available by midsummer, will include loans with longer fixed-rate terms.

Fannie Mae, the No. 1 mortgage financer, also is offering new options so that lenders can help subprime borrowers refinance out of high-interest adjustable-rate mortgages or other difficult loans.

And Washington Mutual Inc., one of the country's largest financial institutions, said it will refinance up to $2 billion in subprime mortgages to help borrowers avoid default and foreclosure, allowing them to apply for discounted fixed-rate home loans or other refinancing alternatives. Subprime loans comprise only about 6 percent of Seattle-based Washington Mutual's mortgage holdings, but they dealt a heavy blow to its first-quarter earnings, which slid 20 percent.

If you or someone you know has one of these subprime mortgages, I strongly suggest checking out these offers. The AP article obtusely headlined Lending giant moves indicate cooperation,can be found at this link.

This article, Technology Quiz: How Does E-Mail Disappear?, covers a lot of the territory I wrote about in Electronic discovery - E-mails, Enron, and Karl Rove. The article's style differs a good deal from the article I wrote about and that might make for a more interesting read, but I suggest reading this article only supplements my earlier post and not vice versa.

I get this e-mail newsletter from Lumen Legal. Sometimes they have good articles and sometimes the articles are just okay. Ignorance about e-Discovery No Longer an Excuse falls under the latter category. Nothing in the article explains its conclusion: "[f]ailing to show litigators and regulators how you have tried to preserve data can be as dangerous as not knowing where it is at all...."

I am still pondering why I want to find a Federal Employer Identification Number, but this very short article, Find a Federal Employer Identification Number informs me that there are services out there for finding this information. The article also has three screenshots.

Well, that is all for today.
read more “Reading about: mortgage crisis news, the problems of e-mail,”
Info recommended by: Law and Law blogger online Sponsored by: Law daily