Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
W S

REwired

new REwired blog header
Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Investments

Ouch: The Daily Show takes down MERS, OCC

May 8, 2013

The Daily Show with Jon Stewart last night applied its unique brand of comical genius to a public/private sector takedown of certain elements of the national foreclosure settlement.

In true fashion, Stewart and his team didn't pull any punches. The Mortgage Electronic Registration Systems is "is like a key party, but instead of f**king your wife, they lose track of the deed to your house," Stewart said.

Ouch.

But he saved the real vitriol for the government application of the settlement, via the Office of the Comptroller of the Currency, calling the $9 billion settlement, "incredibly dividable enough to be meaningless."

Stewart repurposes a graph showing 60% of impacted homeowners are set to receive $300 in settlement funds, "which is good if the home you lost is on the 16th hole of a miniature golf course."

 

Comments powered by Disqus