Lot hanging on them this year, hopefully a lot more competent than when the housing market crashed
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Stack ranking is occurring. I smell a move to servicing for the lower ranked. Then layoffs beginning of Q1
they are about to overhaul the entire servicing platform, keep your fingers crossed
Everyone in the mortgage industry contributed to the crisis. And to the holier than now BAC crowd the bank wrote off more on the BAC Heloc portfolio than they did on CHL. Geoffrey Greener has said that more than once
A lot of home loans division, so-called, used to be Countrywide, that played a major role in causing the last one. That org has gradually become dispersed with new names.
Seems management on that side thinks this will all magically go away soon, so doubt it
I just opened up a HELOC. So far it's going smoothly. Should close in a week or two.