New Orleans Finally the fog is lifting around state and federal foreclosure modification programs and the real program is clear. In the way of acronyms and abbreviations that abound in such programs like Fannie Mae and Freddie Mac, the largest of the mortgage guarantor agencies, the real program is called “No-Mo,” which stands for No …
Tag: foreclosure modification process
Mortgage Mischief and the Need for A Moratorium
New Orleans An analyst believes the exposure for Bank of America on its foreclosure mess and incompetence could be as high as $70 billion USD. Bank stocks fell across the board. Other reports finally reveal what the slapdash servicing arms of the banks were hiring what they called “Burger King Kids” who insiders now admit …
Finally Fix Foreclosure Fiasco
Delhi I may be walking at dawn with the elderly Indians in the M-Block welfare association park as they do their yoga, clap, laugh, and ommm or I can watch the bamboo frame for a puja tent going up for a coming celebration, but when I look at my email, it’s all still about …