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Tweets of the Month
DS News follows—and is followed by—some discerning individuals and
corporations with key insight into mortgage and finance. Take a look at
our favorite tweets this month, and be sure to join our Twitter community
for the latest industry news and interactive conversations on the day's
hottest topics. Twitter.com/DSNewsDaily
B.Z. @bzaz
You know who'll never get offered mortgage principal
reduction? Those who did everything "right."
VISIT US ONLINE @ DSNEWS.COM
FORECLOSURE | EVICTION | TITLE | BANKRUPTCY | REO
CLOSING | HOME RETENTION
What sets
us apart?
Time to find out.
Leo Kingston @LeoKingston
Foreclosures down, short sales up. Are banks getting
smart? #banks#18002sellhomes
One Firm.
Seven States.
Jim Kidd @browardctyhomes
39 new listings in Hollywood in last 7 days; 5 of these
were short sales and 8 bank owned.
Under One Roof.
Bradley Leimer @leimer
Freddie's New CEO Layton Vows to Work on Nuts and
Bolts
Social Poll
For the latest in default servicing news and interactive, marketgauging polls, connect with us at Facebook.com/DSNewsDaily
or on LinkedIn as simply DS News. Take a look at the
responses to this month's Facebook and LinkedIn poll.
"Do you agree with Edward DeMarco's stance
that other loss mitigation options besides
principal reduction can offer borrowers the
same benefits without costing the GSEs and
ultimately taxpayers?"
butlerandhosch.com
Contact us at:
oneroof@butlerandhosch.com
Michael J Wallace Jr: People's ability to pay their mortgage
is based on their ability to make a monthly payment. You can
acheive that through a modification, with a forebearance on part of
the principal balance. This keeps the people in house and gives both the
homeowner and taxpayer a chance to recover. Principal foregivness could encourage those that are
current on their mortgage to default to obtain their bailout.
Lee Latner: Michael, I couldn't agree more. The morale hazzard is too slippery of a slope. Everyone
has lost value, therefore everyone would want to receive a reduction. It's about home retention, not
loss deference. Sometimes they are they same thing, but sometimes they are not.
FLORIDA | GEORGIA | MISSISSIPPI | LOUISIANA | NORTH
CAROLINA | SOUTH CAROLINA | TEXAS
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