“Seven out of 10 troubled mortgage borrowers remain without a plan to work out their loans despite increased industry efforts to help them, according to a new report from a coalition of state attorneys general and banking regulators.” from a Washington Post article
If we look at actual industry efforts to help troubled borrowers, it doesn’t [...]
After reading yet another politician’s proposed solution to foreclosure problems and shaking my head at the stupidity of it all, I decided yield spread premiums need some explanation. YSPs are often trumpeted in the news as this huge secretive lending method of raking thousands of dollars from unsuspecting borrowers. YSPs can be used [...]
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