The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit markets. It was OK for mortgage companies like Washington Mutual (WM) to raise money, but the big banks and brokerages ...

Almost 1,200 Massachusetts properties were seized by mortgage companies in March, ... a good return on their investment,” O’Toole said. “Those prices also are attractive to first-time

As a debtor you will be certainly keeping some money aside for repayment of your loans. It may so happen that due to some reason or other you have to divert that money to meet ... it may so happen that main mortgage companies will tell you that they do not want your money while