These same bankers could’ve chosen another route. OK let me reel in my once again. Foreclosure has been an absolute loss since none of these homes are always worth as much as homeowner owes. REO and subtracting this sale price from note face value creates an absolute loss and is paid by the FDIC or some government or CDS insurance loss subsidy. Furthermore, accidentally banks got caught up in their own executives/controlling shareholders ‘hypergreed’. They have used their amazing Washington DC lobby over last 2 decades to get to the place where Chairmen of Investment… Read Article →
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REO and subtracting this sale price from note face value creates an absolute loss and has been paid by the FDIC or some government or CDS insurance loss subsidy. Accidentally the banks got caught up in their own executives/controlling shareholders ‘hypergreed’. OK let me reel in my once again. Then the payday for running a Administration has been practically in administrations aftermath failure to the US citizens. Lets people keep their homes and pay more affordable mortgages and stops inventory vast flow or REO onto the market. Recasting sub prime predatorial notes at 90 NPV… Read Article →