frankowski firm

Home Foreclosures Surge

Sudeep Reddy of the WSJ reports that the number of homes starting foreclosure jumped in the third quarter to the highest level since the Mortgage Bankers Association began keeping track in 1972, while the fraction of homeowners behind in their payments rose to the highest level in 21 years. Both reflect the continuing credit-market turmoil, […]

Mortgage Crisis Meltdown

Greg Ip, Mark Whitehouse and Aaron Lucchetti of the WSJ report that the home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and financial system. Over the past decade, Wall Street built a market for more than $2 trillion […]

Sub-Prime Fund Fallout

Jennifer Woods of CNBC.com reported that though most mutual funds have managed to steer clear of the subprime mortgage mess, some with heavy stakes in riskier and shorter-term bonds, asset-backed securities or sizable holdings of value stocks have particularly paid the price. According to Paul Herbert, senior mutual fund analyst with Morningstar, Fidelity has a […]

Home Foreclosures Surge

Sudeep Reddy of the WSJ reports that the number of homes starting foreclosure jumped in the third quarter to the highest level since the Mortgage Bankers Association began keeping track in 1972, while the fraction of homeowners behind in their payments rose to the highest level in 21 years. Both reflect the continuing credit-market turmoil, […]

Mortgage Crisis Meltdown

Greg Ip, Mark Whitehouse and Aaron Lucchetti of the WSJ report that the home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and financial system. Over the past decade, Wall Street built a market for more than $2 trillion […]

Sub-Prime Fund Fallout

Jennifer Woods of CNBC.com reported that though most mutual funds have managed to steer clear of the subprime mortgage mess, some with heavy stakes in riskier and shorter-term bonds, asset-backed securities or sizable holdings of value stocks have particularly paid the price. According to Paul Herbert, senior mutual fund analyst with Morningstar, Fidelity has a […]