Inman News had a very good article yesterday on the latest thing in lending: Working with buyers in payment trouble to help them avoid foreclosure. The title, “Workouts Could Soften Impact of Subprime Lending Woes”, left me with the visual of sweaty lenders on elliptical machines. Jeff “Bawldguy” Brown speaks the speak much better than I, so I encourage you to check out his spin on this breaking news, or as he calls it, Captain Obvious and the Duh! Brigade.
Note that the true beauty of this link is that Jeff refers back to an earlier post of ours in his post. Therefore, if you aren’t careful, you could find yourself in an infinite Bawldguy/HomeBlog loop. 🙂