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2. Cheltenham & Gloucester - Wikipedia

   en.wikipedia.org/wiki/Cheltenham_&_Gloucester

   Cheltenham & Gloucester plc (C&G) was a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group. C&G specialised in mortgages and savings products. Previously, C&G was a building society, the Cheltenham and Gloucester Building Society. Its headquarters were in Barnwood, Gloucester, Gloucestershire, England.

3. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Loans of various types (e.g., mortgage, credit card, and auto) were easy to obtain and consumers assumed an unprecedented debt load. [13] [14] As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS), which derive their value from mortgage payments and housing prices, greatly increased.

4. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   By contrast, the national average was 9.11 percent. The Fannie and Freddie Alt-A default rate is similarly much lower than the national default rate. The only possible explanation for this is that many of the loans being characterized by the S.E.C. and Wallison/Pinto as “subprime” are not, in fact, true subprime mortgages. [87] [90]

5. GMAC ResCap - Wikipedia

   en.wikipedia.org/wiki/GMAC_ResCap

   As of the end of 2006, the company had $48 billion, or 76% of its mortgage portfolio invested in subprime loans. [4] In January 2007, the company eliminated 1,000 jobs. [5] In October 2007, the company eliminated 3,000 jobs. [6] At the beginning of 2007, the company had 14,000 employees. [7] In May 2008, the company reported that it may run out ...

6. Angelo Mozilo - Wikipedia

   en.wikipedia.org/wiki/Angelo_Mozilo

   Angelo Robert Mozilo (December 16, 1938 – July 16, 2023) was an Italian American mortgage industry banker who was co-founder, chairman of the board, and chief executive officer of mortgage giant Countrywide Financial until July 1, 2008. Mozilo retired shortly after the sale to Bank of America for a total of $4.1 billion in stock.

7. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   A mortgage loan estimate is a standard three-page document detailing the estimated costs, structure and other terms of the loan. ... C: Services you can shop for – This is a list of additional ...