Denver One test of being human must be the capacity to still be shocked no matter how jaded we may have become. Reading the Wall Street Journal this morning on the plane and feeling my anger level rise at least convinced me that I was alive, and given what I was reading, I counted myself …
Category: ACORN
Automatic Mods
San Jose In Houston we had an interesting meeting with Larry Litton, Jr., the CEO of Litton Loan Servicing, about the problems everywhere with the subprime market. Litton has been a loud advocate of loan modifications (“mods” in the new world). Tony McElroy, the chair of Texas ACORN and ACORN regional representative, was clear that …
Subprime Racial Disparities
Houston Over the last couple of days ACORN has released the data we found by combing through the information provided by banks throughout the country in 172 American cities under the Home Mortgage and Disclosure Act (HMDA). Sobering and shocking! ACORN study shows predatory lending is leading to foreclosures in communities nationwide Communities …