Over 700 protesters rolled up on the front lawn of Bank of America’s general counsel Gregory Baer because they are sick and tired of getting the shaft from BofA. Straight from the Huffington Post. – The Bank Slayer Huge raucous crowds converged outside bank employees’ houses on Sunday afternoon to demand banks stop lobbying against Wall Street [...]
Disappointing mortgage performance means more foreclosures
April 1, 2010 By Leave a Comment
According to the OCC and OTS the number of mortgages falling behind by 90 or more days increased 21.1%. Bottom line is more foreclosures are coming. Hopefully some will be averted with short sales and modifications but homeowners and REALTORS have to act quickly before the loan is too far behind. The foreclosure process in [...]
Confession from the Treasury…HAMP is a dud!!
December 7, 2009 By Leave a Comment
Finally they fessed up! While Neil Garfield refers to mortgage servicers and trustees as pretender lenders. The U.S. Treasury has been playing pretend for months as well and final conceded that the Home Affordable Modification Program (“HAMP”) is a dud. The 10-month-old program is going nowhere, said the Treasury, because big institutions charged with implementing [...]
