Loancare Mortgage Servicing LLC posts wrong address on their own website

In an earlier article about Loancare Mortgage Servicing I questioned professionalism at Loancare. In a startling discovery relative to lack of professionalism at Loancare LLC, the postal service told me that the address for Loancare error notification is incorrect. “Expected Delivery Day: Thursday, December 15, 2016 Your item was forwarded to a different address at …

TIME Diagnosis of Patient Zero is Flawed

According to a TIME 24/7 article this morning, “Someone who took out a subprime loan in 2003 is the “patient zero” who began the great recession.” A single borrower set off the series of events that may lead the economy into its greatest downturn since The Great Depression? Blaming the financial meltdown on one borrower …

Subprime and college educations – an analogy worthy of investigation

As we finish the last day of 2008 the reality of the matter is that 18 months have passed since red lights came on and warning sirens sounded in the summer of 2007. Letting the air out of the mortgage bubble, and subsequently starting the collapse of Wall Street, the summer of 2007 was only …