One story that has been playing out of late has been an apparent struggle between the Treasury and the FDIC. The FDIC has been pushing a program to assist homeowners through the restructuring of their mortgage terms, and the Treasury has been having none of it. There appears to be a fundamental disagreement (or at least the appearance of one) in terms of what is possible when it comes to rejigging the terms of a mortgage that is 'trapped' in a securitization pool, and thus combined with thousands... read more
