Promised Help Is Elusive for Some Homeowners
From the NYTimes.com article.
If you’re feeling cynical and want something to b*&^% about, regarding the US government, banks, and their collusive attitude that sticks it to the little guy, this is the article for you.
It’s the story of a woman who lost her job but was making a sincere effort to talk to her bank about her mortgage and work out some payment arrangements so she didn’t default, go into foreclosure or otherwise lose her home.
And what did her bank do in return? They tried to sell her a new mortgage AT A HIGHER RATE, asking her to put MORE MONEY DOWN.
I could comment for days about what’s wrong with this bank’s attitude, but it’s systemic. I doubt I would need both hands to count the banks that would have actually helped this woman in this economic climate.
You can read the article for yourself, and let it turn your stomach on your own.
(story at right).
