Two Steps Backwards in the Mortgage Industry
by Conor on Jan.19, 2010, under News
Green Taxi: Roger Lowenstein, in the New York Times, suggests that homeowners should walk away from their mortgages. His theory, in effect is that homeowners must walk away from their mortgages in order to straighten up the banks into not lending more than the homes are worth.
I agree with the premise. The system is broken. Banks make Read more …
