Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday’s Part 1.]
Yesterday we saw that even with strong Administration and Congressional pressure for lenders to modify loans, and modest financial incentives to loan servicers achieving successful workouts (we’ll return to those below), as chronicled in this Wall Street Journal, many people – at least, the Journal had no trouble finding plenty – [...]
With loan modifications on everyone’s lips, how easy is it to do?
When you’re denied something, a chasm separates being told I won’t help you from I can’t help you.
It ought to be easy, oughtn’t it? Hard-working people who suffer temporary setbacks deserve mercy from their lender. For the lender, mercy will be good business, as [...]
Ever stepped on a throw rug and gone flying?
Or had a rug pulled out from under you?
The former is your own inattentiveness, the latter is malice aforethought.
Sign here …
Which then is the proper metaphor for what happened to Dave Brown of Tempe, Arizona? To hear the
New York Times tell it, the rug was [...]
Will all of the John Hancock Tower’s investors collectively drag each other over the cliff?
A running of the formerly-bulls?
That’s the possibility suggested by a slightly credulous Boston Globe article chronicling how the tranche warfare over the John Hancock building is heating up:
The John Hancock Tower will be auctioned off to the highest bidder next month [...]
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