When Bad People Do Good Things
Posted by admin in Financial Crisis on March 4th, 2009
Companies are popping up with the sole purpose of buying undervalued distressed mortgages, and working out the loan terms in such a way that both the companies and the homeowners stand to benefit. In cases like that of Stanford Kurland, a former Countrywide executive, this means some people are unjustly making money from both the housing bubble and the resultant banking system collapse. But for homeowners that need a break, justice will probably be a fair price to pay for the ability to keep their houses.