subprime lending mess: My Solution to the Lending Mess---An Open Letter to The Nation's Top Banks - 08/02/07 01:56 AM
Dear Top 25 Residential Lending Banks--- As you know, we are in a mess. A downright mess. Foreclosures are at an all-time high in many areas. Most housing markets are depreciating. Millions of homeowners are facing the recast of their adjustable rate mortgages. They cannot refinance out of them so they will watch their payment skyrocket … (15 comments)
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In the past two weeks, I have had no less than five desperate homeowners, with negative equity, mortgage lates, and resetting ARMs call me to help them refinance their mortgage to save them from foreclosure.
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