New Orleans I am not always a fan of Senator Grassley’s investigations, particularly those that just seem to be past the pale partisan, but once again when he’s right, he’s right and you have to give him his due. The other day from the still towering height of his position as ranking Republican …
Category: Financial Justice
Redlining States
New Orleans Several weeks ago in a meeting in Dallas with EMC, they shared the fact that they were not able to make any new mortgages in states like Ohio and Michigan. Home values were down. Foreclosures were up. Sub-primes were not working, so the door for new business had closed. Later I …
Hardball at Carrington
Atlanta In the foreclosure meltdown being experienced by borrowers all over the country who were fortunate enough to get subprime loans, but did so often based on spurious stories from brokers are now facing a resetting of their interest rates that will make the loans unaffordable and therefore possible foreclosure, ACORN has worked with …