It ended up being a late night for me last night and I wasn’t up to commenting much on the latest Mortgage Metrics Report from the Office of the Comptroller of the Currency. I thought however that the following two charts spoke volumes about loan modifications, so I thought I’d let them speak for themselves: [Thanks L!]
Every time I see one of these stories it breaks my heart. How sad that anyone thinks that life isn’t worth living after losing a home. Kurt Aho’s home was sold at a foreclosure auction on Tuesday. When the new owners came by and asked him when he was going to vacate, he shot out their tires. He had a beer with a neighbor right before the police came: Jeffrey Hobson said he shared a final beer with Aho moments before the confrontation. He said he worried when Aho told him he wanted to die. “He said, ‘When the cops…
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