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Having worked in restaurants, tech support, and as a reporter, he has developed and cultivated a cynical view when it comes to human nature and behavior.Latest Articles by Caped Shitheader
| I Refuse to be Ripped Off This post is also published at Huffington Post I've about had it with getting screwed by banks and watching while they continue to pick our pockets without even showing us the respect of being sneaky about it. In addition, this all happens while Congress not only sits and watches, but applauds and rewards their behavior. I refuse to be ripped off and my only recourse is to not pay. While there have been smatterings of protests and outrage from Arianna Huffington and the Move your Money Movement, Marcy Kaptur telling homeowners to squat in their homes, Ben Pavone threatening to sue Bank of... |
| New York Times Norris gets it wrong This post can also be found at the Huffington Post After reading Chief Financial Correspondent Floyd Norris' blog entry in The New York Times last week it's easy to assume that he's suffering from some weird journalistic version of the Stockholm Syndrome. In his post, "Are Banks Losing Lots of Documents?" he responds to e-mails he received in response to his column from the same day titled, "Why Many Home Loan Modifications Fail" in which he speculates, with the helpful guidance of J.P. Morgan Chase employees that it may be the fault of homeowners who aren't submitting the necessary paperwork to banks. In... |
| Shaming the Shameless? Well, Treasury's at it again. They're going to shame the banks into modifying mortgages. Geithner may even put his hands on his hips and wave his finger at them. Maybe we'll get lucky and he'll rattle off another profanity-laced-tirade like he did to bank regulators in August. That'll really have them shaking. August seems to have been the month for scolding's. It was in August that we felt the chilling winds of shame blowing across what was left of our economy when Michael Barr, Treasury's assistant secretary, said, "I think we've been disappointed ... about their performance in helping people in a... |
| Homeowners: " Hey Congress, Get Off Your Ass" This article can also be seen on Huffington Post Richard Neiman, in his Congressional Oversight Panel report called Treasury's goal for home loan modifications at 25,000 modifications a week "robust". By those calculations there should be close to 300,000 homeowners with loan modifications today. Truth is, they're about 298,000 short. This story can also be seen at Huffington Post Last week Ocwen Financial threw themselves a little party for holding 770 of the 1170 successfully completed loan modifications since April. That's a little like getting an ata-boy award for coming home with a "D" on your report card. Over the weekend Bank of America announced... |
| Ocwen Bank Fun With Numbers This article can also be seen at the Huffington Post Huffington Post ran a story last week about Ocwen Financial patting themselves on the back for the amount of delinquent mortgages they've modified using the Making Home Affordable plan (MHA). According to the article, Ocwen is responsible for 45 percent of all the successful loan modifications in the country. Wow, 45 percent. If I hadn't almost flunked math, I'd think that was almost half. That's quite an accomplishment. If you're one of the millions of homeowners trying to get a modification these days you're probably wishing Ocwen was servicing your loan and if... |
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