Modified Housing Loans Are Failing At An Alarming Rate
Today the OCC (Your friendly safe and sound national banking system regulators) reports some alarming statistics.
The fact that we still have most everyone still focusing on housing both as the problem and fixing it as the cure for this environment is very disappointing. It leaves me very worried that we aren't going to get out of this environment for quite some time.
At some point, I'll lay out a high level perspective on what I think needs to be done to get us out of this mess. If you live in the real world, you likely know what the answers are. It's common sense. Most of it has been discussed on here anyway.
The fact that we still have most everyone still focusing on housing both as the problem and fixing it as the cure for this environment is very disappointing. It leaves me very worried that we aren't going to get out of this environment for quite some time.
At some point, I'll lay out a high level perspective on what I think needs to be done to get us out of this mess. If you live in the real world, you likely know what the answers are. It's common sense. Most of it has been discussed on here anyway.
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