Today’s Foreclosure NewsEven in retirement, Henry Paulson is giving money away to his favorite charity — the financial industry. It seems that the former Treasury Secretary made his book deal and is giving all the profits to the Homeownership Preservation Foundation. See book deal article. Of course the foundation does run the Hope Hotline that allegedly provides [...]
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While the lending industry, through its propaganda machine called the Hope Now Alliance, brags about all the modifications they have done, the problem is their modifications usually result in redefault in six months — and they are increasingly defensive about it (see below). The dirty truth was confirmed again by a report released this month by the Office [...]
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The word is getting out on mortgage brokers more and more everyday. On April 9, 2009, the New York Times Editorial Board saw fit to take the time to walk folks through it. Too many brokers were far more interested in earning fat fees for steering their clients to ruinously priced loans that the borrowers [...]
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