Little Rock I’m sorry. Here we go again spinning like a broken record on the amazing and devastating ineptness of the US government and its various agencies and branches to seriously solve the problem of bank intransience and offer real relief to borrowers needing loan modifications to escape foreclosure and …
Tag: loan modifications
Bad Math and Foreclosures are Twin Towers of Banking
New Orleans I know you are sick about hearing about foreclosures. I sure am! This has all gone on so long and so painfully, and now even the so-called settlements and cleanup of the mess is extending the tragedy. What do we have now? Bank of America makes an accounting error and the miscalculation …
Bank of America’s Countrywide Ghoul Strikes Again
New Orleans Reports from Bloomberg News and the Los Angeles Times are raising the specter of Bank of America filing for bankruptcy for its Countrywide mortgage unit detonating the “nuclear” option to save the parent company and run from the toxic mortgage load bought in 2008. I wonder if this doesn’t finally give another explanation …