Posts Tagged ‘Christopher Dodd’

It’s a Matter of Principal – HAMP’s New PRA

It’s a Matter of Principal - HAMP’s New PRA

And NPV 4.0 is what drives the PRA, which is a “deferred principal reduction program” that allows the homeowner to earn a principal reduction over a three-year timeframe by making all payments in accordance with the loan’s modified terms. According... (Continue reading)

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody’s, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing “bad ratings” on bonds. The role of the... (Continue reading)

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

Just think how it would have looked… Blankcheck would have said: “Gee, I couldn’t tell you about the ins and outs of those billions we made,” and someone would have walked over and whacked him with a good size stick.... (Continue reading)

My Year in A-Trance: What I’ve Learned About Loan Modifications

Why the banking lobby starts to look downright puny next to millions of American homeowners all shouting at the same time… “Congress better take note! We intend to use our VOTE!” Yep, after that the foreclosure crisis would... (Continue reading)

CNN.com Reports Receiving “Overwhelming Number” of Negative Reviews of Obama Housing Plan

Servicers charging loan modification fees? See, I had thought President Obama said that no one should ever have to pay for a loan modification. No? No kidding… I was almost positive that’s what he said. ... (Continue reading)

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