Corporate Asset Management

Bank of America is trying to emerge out of its recent financial losses associated with the acquisition of Countrywide. The bank plans to cut 60 positions in its equity sales and trading division in order to balance out its expenses with revenue.

The American dream of homeownership has vanished into the daydream of a decent rental, and some cities are making it very easy on their month-to-month newcomers.

As reported by mortgagelendingnews.com-- The basis of the problem posed by a huge inventory of distressed properties, especially foreclosures that are or soon will be REOs, are deeply puzzled in the structure of the nation’s economy.

As reported by mortgagelendingnews.com--At the beginning of this month, Fortune magazine’s annual list of the top 500 U.S. companies was released. The big news was Walmart’s continued lead over No.2 Exxon Mobil for the second straight year

As reported by mortgagelendingnews.com-- New York Attorney General Eric Schneiderman is seeking written materials from three major Wall Street banks as part of an extensive investigation into the mortgage crisis that fueled the recession

As reported by mortgagelendingnews.com-- There are plans that would remove the federal government from the lending mortgage business which will have a big hit on Fannie Mae and Freddie Mac, which will produce percussion on homebuyers too.

As reported by mortgagelendingnews.com-- Fannie Mae has granted final project approval for Water’s Edge condos in Clearwater, Florida. This milestone, together with the Federal Housing Administration (FHA) approvals obtain in October.

As reported by mortgagelendingnews.com--A decreasing number of home foreclosures in New Jersey do not mean the state's struggling homeowners are finding ways to keep their houses.

As a part of our ongoing commitment to distressed homeowners and the real estate partners supporting them, Corporate Asset Management, LLC is pleased to announce the completion of its online short sale management system