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  • Don't Blame The Borrowers

    Don't Blame The BorrowersMichael Hudson, 04.08.09, 12:00 AM EDT Responsibility lies with mortgage lenders and their partners on Wall Street. These days, some drivers are sporting bumper stickers that say: "Honk if you're paying my mortgage." CNBC on-air reporter Rick Santelli sparked a firestorm by calling people struggling to ...
    Posted to Just some thoughts..... (Weblog) by 608080 on April 17, 2009
  • What do you think about the Mortgage "CramDown"?

      Say Hello to "Cramdowns" and Goodbye to Retirement Mortgage "cramdowns" are being pushed in government legislation as we speak.  For borrowers who are in Chapter 13 bankrupcty, a cramdown is when a bankruptcy judge is allowed to lower the actual balance of the insolvent borrower's mortgage. This is the ...
    Posted to Just some thoughts..... (Weblog) by 608080 on March 12, 2009