Default happens, hopefully not often, but it is a fact of lending. Upon default, however, a holder of a second mortgage must find an objec...

I recently read William Seidman's book Full Faith and Credit , which contains a detailed explanation of the S&L crash of the early ...

At long last, the end of the series! Personal bankruptcy is usually filed by an individual for very different reasons than corporate ...

Let us continue the bankruptcy theme begun in my last post and discuss the effects of Special Purpose Entity (SPE) bankruptcies and thei...

Mortgage-backed securitization is an essential part of the mortgage secondary market, as it provides both liquidity and expanded sources of...