Is Strategic Default Morally Bankrupt?

A tipster (send in your tips here) sent in this video from the Daily Shop regarding the Mortgage Bankers Association and their own strategic default on the organizations headquarters. CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA’s 10-story headquarters building in Washington, D.C., for … Read more

Mortgage Bankers Association. A Bunch of Whiny Bitches?

So in the Wall Street Journal the Mortgage Bankers Association answered a op-ed about the need for bankruptcy mortgage modifications with the following response. In “Loan Modification Can Stop the Foreclosure Crisis” (op-ed, Jan. 30), Rep. John Conyers shortsightedly calls for allowing unelected bankruptcy judges to unilaterally modify mortgage contracts to help keep borrowers out … Read more