New Orleans No matter how many billions banks pay to try to whitewash their devastatingly destructive behavior in milking home owner mortgages and turning homeowners every way but loose, they can’t make the mess go away. The stains and scandals are indelible and their refusal to change their culture or their standard operating practices guarantees …
Tag: mortgages
Brokers Gone Wild Again! This Time Reverse Mortgages
Tokyo We have been a broken record about the fact that not only did Wall Street largely get away with their shenanigans the precipitated the US and worldwide housing crises in 2008, especially for their subprime fast dealing and dodging, but so for the most part did the wheeling and dealing mortgage brokers. Over and …
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 …