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Loan effort lifts some small firms (Detroit Free Press)Robert and Michelle Trebtoske, small-business owners near Flint, would like to think that maybe spring could bring a tiny turnaround for their construction business when it comes to home renovations, new office space, storefronts and other jobs. They've got their fingers crossed.
Mortgage Principal Writedown Won't Save Housing (CNBC via Yahoo! Finance)Politicians want to keep borrowers in the homes because that's the compassionate thing to do. The big bad banks just want to cut their losses right? Well, maybe not.
TCW Returns to Mortgage Bonds It Sold After Declines (Update1) (Bloomberg)March 9 (Bloomberg) -- TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year.
TCW Returns to Mortgage Bonds It Was Selling After Prices Fall (Bloomberg)March 9 (Bloomberg) -- TCW Group Inc., the fund manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it was rushing to sell early this year.
TCW Returns to Mortgage Bonds It Sold After Declines (Update1) (BusinessWeek)TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year.
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