Monday, November 15, 2010

Invasion of the House Snatchers

"Invasion of the House Snatchers" is the latest in Rolling Stone

http://www.rollingstone.com/politics/news/17390/232611

Here are two quotes, "the borrower-lender relationship can only go one of two ways: full payment or total war." And "Why don't the banks want us to see the paperwork on all these mortgages? Because the documents represent a death sentence for them.... Bank of America...is required by law to buy back every faulty loan."

Drop the rates, fewer foreclosures. Better for the bank. Better for the borrower.

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