Unstructured Finance

Will FHFA opposition to principal reductions boost eminent domain efforts?

August 1, 2012

By Matthew Goldstein and Jennifer Ablan

There’s nothing surprising about FHFA head Ed DeMarco’s decision to nix the idea of writing down some of the debt owed by cash-strapped homeowners on mortgages guaranteed by Fannie and Freddie. DeMarco, whose agency regulates Fannie and Freddie, has been a consistent opponent of principal reductions–something we pointed out last October in our story on the need for a “great haircut” on consumer loans and including student and mortgage debt to stimulate the economy.

UF Weekend Reads

April 21, 2012

Nice weather today in NYC. Enjoy it today before Sunday’s deluge. Here’s Sam Forgione’s picks. You can now follow Sam on twitter @samuelforgione

Check Out Line: Toys R Us says more is merrier this Xmas

September 9, 2010

Toys R Us pop-up store Check out the latest attempt by a U.S. retailer to win shoppers ahead of the key holiday shopping season.

General Growth battle intensifies

May 6, 2010

The battle for control of General Growth, owner of shopping centers across America, continues, as it  weighs two rival offers.

Bad economy equals tough time for teeth

February 26, 2010

We all know that people have cut back on shopping, dining out, vacations and other pursuits in the difficult economy. Turns out many are also neglecting their smiles.

Why should the government control inflation?

January 24, 2010


The ‘reform agenda’ understood as ‘market-oriented reform’ or giving more space to market mechanism in food and fuel economy seems to have been held up.

Check Out Line: The dreaded 10 percent

November 6, 2009

unemployment1Check out the grim unemployment numbers from the U.S. Labor Department on Friday, a day after dozens of retail chains reported lackluster October sales.

Check Out Line: What goes around comes around

October 29, 2009

snowmanCheck out what’s coming around again this holiday season.

It’s that gift you gave someone last year.

According to a holiday shopping poll conducted by Consumer Reports in October, 36 percent of Americans say they have “recycled” a holiday gift. That’s up from 31 percent in 2008 and 24 percent in 2007.

Check Out Line: Jonesing for another earnings beat

October 28, 2009

Check out which company Wall Street keeps underestimating.

It’s Jones Apparel. The retailer and apparel maker once again “reported a much higher-than-expected” quarterly profit. Last quarter, Reuters said the company “beat estimates handsomely.” The quarter before that it was “easily beat estimates.”

And if it were a W?

October 16, 2009


The Dow Jones Industrial Average has recouped more than 50 percent of the losses from the October 2007 peak and the March 2009 bottom.