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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.
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.
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