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Loan Modification
: Mortgage Lender Implode-o-MeterIt is payback time for Fannie Mae and Freddie Mac
By Implode-Explode Heavy Industries
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"Stuck with about $300 billion in loans to borrowers at least 90 days behind on payments, Fannie and Freddie have unleashed armies of auditors and other employees to sift through mortgage files for proof of underwriting flaws. The two mortgage-finance companies are flexing their muscles to force banks to repurchase loans found to contain improper documentation about a borrower's income or outright lies. "Full post as published by Mortgage Lender Implode-o-Meter on January 30, 2010 (boomark / email).
Lawsuits and Settlements
Cipro
The FDA is seeking to add black box warnings of the risk of tendon rupture associated with Cipro and Levaquin.
The ruptures can involve Achilles tendon, shoulder, hand, bicep or thumb tendons, and is especially increased in patients older than 60, or people who have received kidney, heart or lung transplants, as well as people on steroid therapy...
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