Posts Tagged ‘underwater homes’

Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

Clearly, these proposed rules are being considered, assuming that they are in fact being considered, in response to our nation's lenders' and mortgage servicers' flagrant and total disrespect and disregard for the federal government's Making Home Affordable Program... (Continue reading)

Strategic Default is a Moral Dilemma. That’s simply adorable, don’t you think?

Strategic Default is a Moral Dilemma.  That’s simply adorable, don't you think?

These days, it occurs to me, there would be even less morality involved in the decision to walk away from a mortgage. I can’t believe anyone actually feels morally obligated to a bank today. Why would anyone possibly... (Continue reading)


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