Sunday, July 13, 2008

Lenders aren't listening. What a surprise.

For your Sunday morning reading pleasure, here's an article from the New York Times' Business section. No, it's not about Fannie, Freddie or IndyMac. It's about how impossible it is to get in touch with your lender to arrange a work-out on your mortgage. The article is long, but it contains lots of anecdotes, and I've heard stories like this from several people here. I've already blogged about how long it's taking to arrange a short sale, especially with Countrywide -- same thing here. The lenders are just not equipped to deal with what's going on.

Also for your reading pleasure, here's today's NYT Ben Stein's column. It's about applying investing advice to your love life. Why didn't I get this guy before?

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