In spite of Congress passing H.R. 3221 Foreclosure Prevention Act of 2008, mortage lenders like Washington Mutual have refused to help borrowers near or in foreclosure.
It does not matter whether you are sub-prime or prime. Washington Mutual wants your home.
I ask why?
Why do lenders want your home even though it may be worth nothing?
Why do lenders want your home even if you can afford future payments and just need some time?
What is in it for the lender?
I believe we have to find out.
Monday, September 22, 2008
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