I had a great chat this afternoon with Bill Erbey, the CEO of Ocwen, one of the largest servicers of subprime loans. We talked at length about what it’s like to be in the loan modification business these days. I’m writing a story, and I don’t want to get ahead of myself, but I can’t [...]
There’s been a lot of talk of late about how the federal government should jump into the mortgage market and either entice or force servicers to rewrite big swaths of loans in order to keep homeowners out of foreclosure. It’s kind of a crazy, but right before the weekend JP Morgan Chase announced it would [...]
Lots of news organizations offer assessments of whether or not we’re in a recession, or advice on what to do if we are. Here at the Curious Capitalist we focus on the really important stuff–like what shape the recession will be. Together with TIME.com graphics czar Feilding Cage, I have assembled a groundbreaking gallery of [...]
