Saxon Mortgage servicing Deutsche Bank loans result in no modifications

MR sent this analysis and opinion of Saxon Mortgage and trial modifications: “Saxon Mortgage servicing Deutsche Bank loans – They do not want to make the modifications. And why would they? The government has provided a way for them to disguise their “Help” by providing money to these servicers to enter people into this HAMP …

Washington does not see hopeless Americans who fear more $5 gasoline

Restoring trust and confidence in any system is a slow methodical process. Restoring confidence in the United States financial system is even more difficult, but not impossible. With Bush’s shortfalls and Obama’s promises we still have no guarantee of focus and honesty. Yes, we hear the words from the new administration, but many people expect …

Lack of honor allowed poisoning of the financial system

Competition is a never-ending race of everyone against everyone else. Everyone is a worker, but everyone is a consumer too. As we wrap up Mortgage Blues for another year 2008 has been chaos to some, but very predictable to others. When we told an investor group to dump Fannie and Freddie we were told our …

First shots fired in global economic war

If subprime issues and tainted paper sold around the world didn’t start a global economic war a recent move might do so. Investors in bank debt are threatening to boycott lenders that follow Deutsche Bank in breaking an unwritten rule and failing to exercise a call option on subordinated debt. In a coordinated action, angry …