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Chuck Allen
8 Comments
Banks Are Failing, So They Are Changing the Rules [view article]
Right on, Nukldrager! Banks have always enjoyed regulations that allow them to fudge their books!Chuck Jun 20 10:29 AM
WaMu's Atrocious Mortgage Servicing [view article]
I had the same problems in dealing with them. When I finally talked live to a real person, it seemed apparent that the person was servicing their loans from India or some other Eastern foreign country.Chuck Jun 16 08:58 AM
Quiksilver Inc. F2Q08 (Qtr End 04/30/08) Earnings Call Transcript [view article]
Nice results, Bob! These are trying times for everyone!Chuck Allen Jun 06 10:05 AM
Bankruptcy Reform Act Finally Blows Sky High [view article]
Banks simply have a license to steal. They always have and will forever have the license to steal.Chuck May 30 10:23 AM
Explaining the Mortgage Meltdown [view article]
Sid, you nailed this perfectly! I spent 34 years in the business; my specialty was Loan Service, REO's and Investment Properties.The present day lenders need to softly approach their delinquent borrowers to sell them on the idea of staying in their home until the market changes; markdowns are taken,etc., for the sake of security of the property.
However, most lenders are so "old school", they don't know how to be nice! All they see is a deadbeat borrower not making their payments.
Chuck Allen
Apr 06 08:47 AM
Recession? I've Got a Solution [view article]
I'm not claiming to know what everything means in your article, but I admire your frankness in calling a spade a spade.All of us citizens must become willing to go with the flow in conserving consumption and energy. (Turn off the lights when you leave the room, etc.)
Chuck Allen Mar 25 09:47 AM
How to Help Both Homeowners and Lenders, at No Public Cost [view article]
At last, a proposal that has merit for both the lender and homeowner!Now, let's see if someone can make it happen!
Chuck Allen Feb 22 11:01 AM
What's the Problem with Real Estate Short Sales? [view article]
To help this crippling situation in the housing market, the Fed could relax its regulations pertaining to reserves for bad debt.Everyone is a loser in the current situation - the relaxation of the reserves for bad debt would allow for more forebearance to be available from the lender to the homeowner.
Chuck Allen
callen@mthigh.com Aug 14 10:53 AM