A week ago six of the major mortgage servicers involved in the Hope Now alliance announced that they would be offering a pause in foreclosure proceedings to borrowers who appeared able to enter into loan modification agreements. Now the remaining 19 members of the alliance have agreed to adopt the same...
Even as the stock prices of investment banks began to fall and foreclosures started to rise, everyone knew what was coming next. Lawsuits! So a study released by Navigant Consulting Inc. last week was hardly a shock. The study shows that the number of subprime mortgage-related lawsuits filed in federal...
Years and years ago when the aerospace industry was in a tailspin and Washington-based Boeing was particularly hard hit with cancelled contracts and layoffs someone paid to have a billboard erected on a busy highway that said: WILL THE LAST PERSON TO LEAVE SEATTLE PLEASE TURN OUT THE LIGHTS Just can...