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  • Has President Obama's Mortgage Modification Plan Failed? [View article]
    Good comment, Bender...

    For those of you that actually READ the linked articles, a couple of things were made clear:
    - Ocwen, and some of the others are making good faith attempts to rework loans
    - Barney's blow up was last year (July 08), which makes for great politics, but lousy policy. While Barney Frank was blowing up at the banks like BOA, he should have been working with the GSEs, which based on historical evidence, he has influenced in their business operations. I thought it highly ironic that while Barney Frank was dramatically addressing BOA, the GSEs did not modify their waiver paperwork UNTIL JANUARY 09! Great job BF...

    Irrespective of the who is president, the problems continue to be the key committee members in the (so called) House of Representatives. Frank and Rangel being two of the major problem children.
    Aug 21 09:52 am |Rating: +6 0
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