New Orleans We have now gone past tearing out our hair in frustration and are moving to full throated screams for help, but nothing seems to be putting a dent in the hapless and incompetent fiction that we have a national foreclosure modification program. Recently the Obama Administration announced that it was moving another couple …
Category: Foreclosure
Bank of America’s Countrywide Mess Continues
Sheridan I’ll be honest. I may be missing some of the news, since I’m spending the daylight hours pulling a post-Katrina trailer to Montana, but can it really be possible that a $624 million dollar settlement on yet more of the Countrywide fiascos has literally attracted virtually zero notice in the news? This $624 Million …
New Century: “Drinking My Own Kool-Aid”
Denver New Century Financial Corporation dead in the heart of Orange County, which used to be subprime central, was the canary in the mine that not enough people heard as their demise ushered in the great meltdown for home buyers and mortgage holders. The other day a piece in the Los Angeles Times noted that …