The Borrower's "Sophie's Choice" A great irony of the subprime era was that tax and insurance payments were escrowed for borrowers with money in the bank and proven credit, yet those who lived paycheck-to-paycheck did not have to include T&I; in their mortgage payments.
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Fifty Sets of Foreclosure Rules The mortgage industry has been absorbed in pulling itself back onto its feet for close to four years now. The work that has taken place to sort out what went wrong, to establish blame, and to make restitution where it could be made, is staggering. As a nation and as an industry, it’s clear we can see a light at the end of the tunnel. Historical loan reviews, whether for private investor suits or at the demand of public authorities, are largely defined, and many or most are underway, with some near completion. The economy is showing signs of life.…
The Wars seem to have originated in France, but they’ve now crossed the Big Pond to the US. Employees in office buildings are using Post-Its to make a statement.
