Thursday, October 14, 2010

Big And Serious

Elizabeth Warren:
She additionally stated that major servicers' voluntary foreclosure freezes mean two things. First, this problem "is big, and it is serious," and second, the voluntary moratoria represent evidence that "the issuers themselves are trying to get this problem solved," she said.

Already missing the good old days, when anybody behind on their mortgage could be foreclosed upon by any random entity just because.