Debt’s Deadly Grip – NY Fed Quarterly Report on Household Debt and Credit

And it looks lovely… Fair Game – Debt’s Deadly Grip By GRETCHEN MORGENSON Published: August 21, 2010 Excerpts from the report: Last week, this harsh truth was made clear yet again, in a report on consumers’ financial well-being by the Federal Reserve Bank of New York. The first of a Fed series to be published … Read more

Fair Game – In the Mortgage Drama, One Role Is Enough – Gretchen Morgenson

Enter Mr. Miller’s bill, the Mortgage Servicing Conflict of Interest Elimination Act. It bars servicers of first loans they do not own from holding any other mortgages on the same. ~ “Unless we can make servicers modify mortgages through bankruptcy or eminent domain, the servicers are not going to reduce principle,” ~ “Their stance does … Read more