Beny Steinmetz’s BSG Takes Aim at Distressed Europe Shops



Scheduled to launch today, a $2 billion dollar fund to buy distressed European properties by Beny Steinmetz (BSG)is all in the news. The Israeli billionaire’s new venture will reportedly be aimed at leveraging low prices across Europe’s beleaguered property sector.

73 Percent of Consumers: What’s a HAMP? Who’s a HARP?



It doesn’t matter that the Obama Administration recently enhanced leading government programs to bail out more underwater homeowners and save others from foreclosure. Most consumers don’t even know these programs exist.

Freddie Mac Requests $6 Billion to Offset Third Quarter Losses



Freddie Mac has asked the government to bail it out again with an additional $6 billion in aid, so that it can offset third quarter losses. The request is the largest of its kind since April 2010. Altogether, the taxpayer has had to stump up almost $169 billion to rescue Freddie Mac and Fannie Mae, […]