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Senator Schumer

Schumer Says 2/3 of Mortgage Servicers on Board Obama Foreclosure Boat

by Moe Bedard

It appears that 2/3 of mortgage servicers are on board the Obama foreclosure boat has it heads to neighborhoods to rescue struggling homeowners. The boat is leaving the port very soon and the remaining mortgage hold outs will most likely will drown in a sea of bad PR  if they don’t jump on the Obama [...]

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A Copy Of Senator Schumer’s Letter to the Federal Home Loan Bank of Atlanta

by Moe Bedard

November 26, 2007
Ronald A. Rosenfeld
Chairman
Federal Housing Finance Board
1625 I Street NW
Washington, DC 20006
 
Dear Chairman Rosenfeld:
 

I write to express my serious concern over the lending practices of the Federal Home Loan Bank of Atlanta, specifically in regard to the significant volume of advances made to Countrywide Bank. I am concerned that the loans being pledged by [...]

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Wall Street Needs to Modify Their Attitude Towards Loan Modifications

by Moe Bedard

We are now in the midst of one of the biggest cluster f*%! that this great country has ever been entangled in. Wall Street movers and shakers are practicing their “everything will be alright” smiles to mask their frightened reality and shaking knees. They say, “Yeah, the mortgage market is crap, I know you lost your [...]

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