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24 Jan 2009
A friend asked:
Apparently the mortgage
holders today are not the loan originators and therefore have little
incentive to deal, or should I say workout, one-one with consumers. Can
[someone] provide some comments on workout
to help clarify
the concept?
Workouts are a normal part of bank lending, because
foreclosing (or the equivalent) is very expensive, and the bank is often
better off agreeing to a smaller or longer loan and actually getting paid.
See more ...
Stable link is https://jl.ly/Money/workout.html
02 Jan 2009
An acquaintance wondered why the people who run the systems that receive
mail get to make all the rules about what gets delivered.
After all, he noted:
The sender pays for bandwidth and agrees to abide by the
bandwidth provider's rules.
See more ...
Stable link is https://jl.ly/Email/whopays.html
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