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…)
Archive for the ‘Making Homes Affordable Plan Self Destructs’ Category
Where is the Public Outrage over Shaming Bank Servicers?
Tuesday, August 11th, 2009
By Matthew Lexus
FATCATEXECUTIVE.COM
The American Homeowner’s Nightmare, Your Bank is thy Enemy.
Tuesday, August 4th, 2009In the last article I dared to suggest that lenders are thumbing their proverbial noses at the Making Homes Affordable Plan, now the Government responding to countless complaints is resorting to a super high tech smash mouth system to force lenders to modify consumer loans at a faster pace..Are you ready to see this advanced strategy designed to make banks bent over backwards in a quick hurry to help struggling homeowners? (more…)
The Making Homes Affordable Plan Self Destructs…
Thursday, July 30th, 2009…as Lenders Thumb their Nose at Politicians and Say Make us Do it If You Can.
There is a very strong likelihood that many politicians are going to look like a big bunch of chumps come elections time especially when they are trying to explain to voters why they allowed big Fat Cat Banking titans to run over them like a jet propelled steam roller. (more…)
Loan Modifications and China, What’s the Connection?
Wednesday, July 22nd, 2009“Without additional government intervention, loan modifications by the banks will be like traveling on a slow boat to China, you’ll get there eventually but most of your passengers will die of starvation long before they complete their journey.” – The Fat Cat Executive. (more…)
This is why the current loan modification program advocated by the Obama administration is doomed to failure.
Wednesday, July 22nd, 2009The Making Homes Affordable Plan is completely doomed to failure because it seems banks are reluctant to complete loan modifications for their customers. Most of the lenders agreed to participate in this program but at the pace banks are actually modifying loans might lend to speculation that perhaps the banks really aren’t… (more…)
