by Moe Bedard
I have always said that lenders targeted homeowners in the Golden State of California. The reason that lenders made more loan here is simple, more money per unit.
Why set up operations in Alaska or New Mexico, when you can open up several mortgage chop shops in Cali, place your street level dealers on every [...]
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by Moe Bedard
Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.
Obama’s plan to fight foreclosures:
Give homeowners the chance to have their loan modified, provided they meet certain criteria.
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