Mortgage Loan Modifications: Help, or Hornets’ Nest?
In an effort to alleviate borrower distress caused by mortgage-servicer errors, the Obama administration is proposing that mortgage servicers, which are usually material operations of banks, bear the...
View ArticleMortgage Loan Mods: Such Thing as a Free Lunch
The top five largest U.S. home-loan mortgage-servicers, many of which are bank-owned, are scheduled to meet in Washington, D.C. today, with state attorneys general and U.S. agencies, about...
View ArticleMortgage Debacle Forensics: Don’t Hate the Playa, Hate the Game
Based on its findings of certain bank communiqués, the Senate Permanent Subcommittee on Investigations panel has recommended that bank regulators use Goldman Sachs as a case study in writing...
View ArticleAttention, Banks and Credit Unions: Mortgage Stuff Rolls Downhill
On June 30, the Office of the Comptroller of the Currency (OCC), which regulates the largest U.S. banks, sent out a news release entitled “ … Guidance to Banks Regarding Foreclosure Practices,” which...
View ArticleDo You Believe in Magic? Some Believe It Will End the Housing Crisis
The plan to eliminate Fannie and Freddie is no magic bullet. Vaporize Fannie and Freddie and all will be right with our world, say some, who, given the depth of their life experience, should know. What...
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