Best Headline of 2009: Obama Sends SWAT Teams into Mortgage Servicing Offices
The Gist: "Today, the White House threatened to punish mortgage lenders with fines if they don’t speed up giving troubled homeowners a permanent break on their monthly payments. With mortgage delinquencies on the rise, nearly 375,000 borrowers are eligible for permanent loan modifications by the end of December and the Obama Administration want to make sure the banks make good on granting these modifications rather than lolly gagging. Proof of reluctance to move past trial offer periods is that only 1,711 permanent mortgage modifications had been offered by September."
THE AM ROUNDUP
More context for that headline: BusinessWeek recently ran an article about several of Obama's young economic advisors with the provocative (and familiar-looking) title "Obama's Big Gov SWAT Team" which probably set the stage...
...interesting: the "unbranded" Starbucks experiment apparently flopped hard...
...infographics rule: here's How Americans Are Handling the Recession (thanks to @realtyinfusion for that one)...
...the always-fascinating Zero Hedge offers a look at Obama's Stealth Stimulus, about "zombie homes" and recession survival...
...and finally, take a look through the archive of Real Estate SEO Blogs by Jack LeBlond. I found this to be a wealth of well-written educational content and I'm grateful for what I learned there.
Until next time!!!
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