Foreclosure is not an abstract concept. It is a very real pain for American families.
Nobody wins, obviously, when a bank has to sell a house at auction for less than it would get it if simply were refinanc...
Nobody wins when a home is foreclosed upon.
Most people in foreclosures work hard and play by the rules.
Foreclosure is not an abstract concept. It's very real pain for American families.
It would make sense.
But what are they doing differently? That is my question.
Are the other banks sort of ignoring reality here?
I can't believe that two full years after the first signs of this crisis were becoming plain for all to see, we are stil...
The banks and servicers complain that the Administration rolled out its plan too quickly without consulting them.
I happen to be one that believes that the idea of principal reduction makes a lot more sense than interest rate reductio...