Phoenix I spent most of the day in meeting with Frances Gomez, her brother, and Teresa Castro, talking about her case and what could be done to resist foreclosures and win real relief for tens of thousands of homeowners facing this catastrophe because of federal and banking inaction here where this problem is ground zero …
Tag: countrywide
Mortgage Write Downs
New Orleans I’ve been harping on the drastic need for lenders (banks and their buddies) to write down significant parts of the homeowners’ outstanding balance to right size loans and prevent foreclosures, so I read an article in the Wall Street Journal by James Hagerty yesterday with eager anticipation hoping to find the industry was …
Geithners Foreclosure Folly
Playa Coco I’m beginning to think that no one much cares about the issue of foreclosures for American homeowners. This seems to be a game of “button, button, who’s got the button,” where no one, certainly not the bankers, and likely not the government really wants a program to deal with homeowners fighting to keep …