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housingwire

11 months ago

in Mortgage Relief and a Generational Divide on The Washington Independent
Everyone's a critic, I guess.



Kevin, if you want a PhD's opinion, here you go: I'm sick and tired of hearing everyone reflexively pull out the "blame the victim" line anytime someone suggests that a borrower might, actually, not be a "victim" and may instead be facing a foreclosure that is at least in part their own fault.



It's far too easy these days to decide that borrowers in trouble got there because of lenders' misdeeds.



And I began Housing Wire in December 2006 for the very reason you lamented; I've spent years in the trenches dealing with borrower defaults, and I knew first-hand what was coming.



Solving this problem means coming to terms with how we got there. That means being honest about the fact that the vast majority of foreclosures, while unfortunate, are as much the borrower's doing as the lender's/

1 year ago

in The FDIC Finally Figures Out that Banks Don’t Play Fair on The Washington Independent
Ouch. Lumped in with FDIC. That's something I never thought I'd see. For the record, we've known about bank walkaways for awhile as well, but nobody was listening either when we wrote about it late last year.



And judging by the response we're now getting over that graf, it now looks like it's on everyone's radar.



Our only take is this: it's a mess, it will continue to be a mess, and there is no such thing as blame when everyone's guilty.....



bregards,

Paul Jackson

Publisher, Housing Wire
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