The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market. Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays
 Leave a comment  Delay foreclosure, Forclosure options  10 Years, Amortization, Andy Morris, Borrowers, Catastrophe, Fannie Mae, Foreclosure, Guess, Interest Only Loans, Lenders, Loan Modification, Massive Debt, Money, Negative Amortization, Ohio Real Estate, People, real estate, Real Estate Broker, Wall Street, Wall Street Journal, Wells Fargo The following article is evidence of how screwed up and delusional many smart people in America have become. Hurt pride: Mortgage bankers group forced to sell headquarters. The large building that the Mortgage Bankers association purchased at the height of the market with a big fat mortgage for 75,000,000? They are now having to . . . → Read More: Bankers with hats in hand have to short sale themselves |
|
|
|
|