In 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…)
Archive for the ‘Banking’ Category
The American Homeowner’s Nightmare, Your Bank is thy Enemy.
Tuesday, August 4th, 2009The 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…)
Freddie Mac, Fannie Mae, and Ginnie Mae, the Three Stooges of the Banking Apocalypse.
Thursday, July 23rd, 2009When you are a chemical company looking for a cost effective way to get rid of your poisonous chemical slop, you hire a few nefarious associates to dump your toxic soup into the local landfill or river. When you are a bank you dump your toxic loans into (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…)
