Please note that for some unexplained reason Matthew Lexus has not been allowed to forward any completed articles to us. I was provided instructions to put this summary together based on notes that were forwarded to me by my intermediary. (There are multiple layers of contact between myself and Matthew Lexus due to safety protocols of the Witness Protection Program) (more…)
Tuesday August 18th found Judge Richard Holwell rejecting Countrywide Financials (Owned by Bank of America) petition to have a lawsuit by Greenwich Financial Services’ heard in Federal court.
Countrywide’s objective was to seek the Safe Harbor protection offered by the (more…)
Last post we talked about FAT CAT Bank loan servicers, and FAT CAT Investors going to war with each other, with homeowners in the middle as collateral damage. The bank loan servicers don’t want to reduce their servicing fees, increase their expenses for loan modifications or have to take the chance of buying back the mountain of crappy loans they crammed down the throat of FAT CAT Investors (more…)
Politicians are complaining and moaning mistakenly thinking that embarrassing banks will make them step up the pace for loan modifications, obviously that isn’t working. How do you put a fire under the rear end of banks and get them picking up the pace of loan modifications? (more…)
Tuesday August 4th 2009 witnessed the first public salvo from the government against FAT CAT Banking Titans. The big bad treasury department releases their public list of progress bank loan servicers are making on modifying loans. Were the banks embarrassed? Were they shamed? (more…)
