Mortgage servicer

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    • Fri Apr 25th 22:34 PM
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      Walking Away: The Next Mortgage Crisis
      Thank you frogman! Wish I could count how many of our "moral" friends with no problem making payments, buy the house down the street which has depreciated 30%, then let the lender foreclose on the existing house. Why not, it's all the lenders fault. Who did they think they were tricking the poor borrower into buying a house that would depreciate. This isn't all sub prime mess out there. There are plenty of people trying to benefit at others expense.
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    • Fri Apr 25th 19:58 PM
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      Canadian National Railway: Choo-choo, Ka-ching!
      When I was researching Potash, the railroad partner listed was CNI. They've got to move all the fertilizer out of Canada somehow!
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    • Thu Apr 10th 20:38 PM
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      Signs That Foreclosures May Be Peaking
      I love an optimist! But I'm afraid I agree with most other posters here. To quote an ex President "It's the economy, stupid". Although I'm sure there were abuses out there the whole thing about arms has been overdone. No one was forced to make interest only payments. Who did they think was going to pay the principal? I heard Countrywide qualified on the interest only payment which was bad for everyone but unless they lied at application or had an economic catastrophe they could make a fully amortizing payment. Responding to Haydete: It's not a matter of how much equity loss there is, it's a matter of how strong their morals are. If you bought a big screen TV 3 years ago and now could get one for less than you still owe do you get a pass to walk away? Maybe the Feds will force Best Buy to reduce your balance to todays price.
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