B of A announced today that it’s dropping the Countrywide name from the troubled company it purchased and replacing the name with Bank of America Home Loans. Why is this significant and how does it apply to you? (more…)
Posts Tagged ‘Loan Modification’
Bank of America ditches Countrywide brand… Why You Ask?
Monday, April 27th, 2009Weekly Industry Update- Toxic Asset Plan Stalled
Thursday, April 23rd, 2009I’m writing this post in real time as I’m on our weekly industry call. Here are some quick updates.
Lenders hoping to see some movement on the “toxic asset” plan to entice private investors to jump in w/ private equity to help move some of the bad debt off their books has produced little results. (more…)
Loan Mods and Depression ??
Sunday, March 29th, 2009Today’s post was inspired by recent interactions with two loan mod clients (who will remain anonymous) whose current emotional state is just a snapshot of what is occurring on a larger scale.
One client, a female, is an acquaintance of one of my business partners. She works in a professional field, is educated, has children, etc. (more…)