by Moe Bedard
By Moe Bedard
The cramdown bill, if passed, seems like the only way that Americans across the board would be able to reduce their principle balances, that is, if they are willing to go through bankruptcy court. Again, the program has been delayed in the senate as major lenders, credit unions and the financial services industry [...]
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by Moe Bedard
Countrywide CEO, Angelo Mozilo is set to officially step down from his position Tuesday and hand over the keys to Bank of America. Ending a 4 decade long run where Countrywide went from a small fish start up in 1969 to the king of ther lending sea as the nations largest lenders and servicer today.
Angelo Mozilo went [...]
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