Why Americans Find Predatory Lending Offensive

Author’s Note: I wrote this article in 2002. It has been copied, stolen, and reused without permission or credit given. When I wrote this article I was working as a government contractor in the years after I retired from the Marine Corps. Referencing Google Authority and copyright laws, I’m republishing my original work as follows: …

Saxon Mortgage wrongfully forecloses on military personnel

WASHINGTON -(Dow Jones)- Subsidiaries of Bank of America Corp. (BAC) and Morgan Stanley (MS) will pay more than $22 million to settle charges that they wrongfully foreclosed on active-duty military members without first obtaining court orders, the Justice Department announced Thursday. In one settlement, BAC Home Loans Servicing, formerly known as Countrywide Home Loans Servicing, …

Mortgage and Finance lacked leadership principles

My friend and I have 45 years of military service between her career and mine. By 2005 it was clear to us that executives and many employees in the mortgage and finance sector lacked basic leadership traits and principals known to everyone in the American armed forces. “Know your Marines and look out for their …

Military homeowners hurt more today than civilians

If a military family bought a home with a conventional loan (not subprime) as the subprime crisis was building, the military family will be hurt more than their neighbors. The primary reason is that servicemembers will be transferred on a regular basis. When home prices increased it was not a problem. Knowing that you would …