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Category Archives: Mortgages

Banks get smackdown in MA…

08-Jan-11

…about time.  Now, if only ever other state in the Union would get a clue.  Watch now as legislators rush to the defense and aid of these banks. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Phoenix now a lightning rod for real estate…because Bristol Palin buys a house?

25-Dec-10

This isn’t going to do anything; the Palin’s cannot stand in the way of economic reality. Anyone who runs into this neighborhood thinking this means good things for the area deserves the hit they’re going to take in the pocketbook. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the […]

Loan servicer downgrades credit of homeowner who asked for the note…

16-Dec-10

…I hope he sues this POS company for everything it has. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Woman drags foreclosure case out for 25 years…

04-Dec-10

…this lady is pretty much my hero. There are some who would say she’s milking the system for a free ride; however, when the system that originates mortgages is fundamentally corrupt…well, I applaud her. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Federal pay to be frozen for two years…

29-Nov-10

Pointless, to quote the Scarecrow. Further, it’s a tone deaf action that indicates he’s not really interested in helping the average citizen. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Housing Doom: How Do You Keep Homeowners In Their Home When They’re Already Gone

16-Nov-10

In short, you don’t. The only issue I have with the sentiment that loan modifications wouldn’t work anyway (due to unemployment, etc.) is that the lenders haven’t been honest in their attempts. This negates (IMO) any further discussion of what could be. Speaking for myself only and lacking empirical data (which in turn makes this […]

Wells Fargo being sued for putting woman through nightmare…

13-Nov-10

…I hope she takes them for everything they have. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Legislature to retroactively sanction MERS?

13-Nov-10

I would not be surprised. Holding the industry accountable…well, that would just be too hard. Instead, they will probably “whitewash” the whole thing, forgive the billions in fees owed to the States, and give the banks some more money for their troubles. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe […]

Mozilo must pay $67.5M, but “nothing to see hear” on VIP mortgages…

16-Oct-10

So Angel Mozilo gets a hefty fine (well deserved), but the Senators who got sweetheart deals…well, there’s nothing to see there, so move on. UPDATE: The rabbit hole gets deeper, folks. Mozilo will not be required to pay a dime. Countrywide will pay $25M from a fund established to bail out the company from its […]

Underwater mortgages strain lives, economy…

19-Sep-10

…this is an argument I was making a couple of years ago, when the market went south and the banks started screwing with people. There are going to be significant long-term ramifications of this bubble bursting. This is only the start. On another note, it’s been…interesting as well as extremely aggravating…to see the mood shift […]