The way mortgages are created and sold of is fundamentally flawed.
And no one wants to fix it a.k.a. ban the sale and creation of mortgage back.
Nov. 11 2009 11:40 AM
Score: 0/0
smidely
"It's more in the service of investors to (improve loan modification rates, etc.)"
Which investors are you referring to -- hedge funds? And what would they do with their concern -- who exactly would they call?
Nov. 11 2009 11:37 AM
Score: 0/0
smidely
I don't get it -- were banks required to help the state stem foreclosures?
If so, they should be penalized.
If not, as they say, stop whining and "Write a Lettah."
Nov. 11 2009 11:26 AM
Score: 0/0
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Comments [3]
The way mortgages are created and sold of is fundamentally flawed.
And no one wants to fix it a.k.a. ban the sale and creation of mortgage back.
"It's more in the service of investors to (improve loan modification rates, etc.)"
Which investors are you referring to -- hedge funds? And what would they do with their concern -- who exactly would they call?
I don't get it -- were banks required to help the state stem foreclosures?
If so, they should be penalized.
If not, as they say, stop whining and "Write a Lettah."
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.