Comments on: Wells Fargo: ‘leading the way’ in cramdowns? http://firsttuesdayjournal.com/wells-fargo-%e2%80%98leading-the-way%e2%80%99-in-cramdowns/ Tue, 22 May 2012 11:15:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve P. http://firsttuesdayjournal.com/wells-fargo-%e2%80%98leading-the-way%e2%80%99-in-cramdowns/comment-page-1/#comment-52427 Steve P. Thu, 17 Dec 2009 14:12:51 +0000 http://blog.firsttuesdayjournal.com/?p=2117#comment-52427 I have heard tell that only performing assets are fully valued in a bank sale. Well's is making a business decision. People should stop looking for "feel good" answers to business problems. I hope it doesn't happen, but if "extend and pretend", along with the other "feel good" solutions result in another large hit to housing, these "well treated" homeowners who received a cram-down will again be blaming the bank for taking advantage of them. I have heard tell that only performing assets are fully valued in a bank sale.

Well’s is making a business decision. People should stop looking for “feel good” answers to business problems.

I hope it doesn’t happen, but if “extend and pretend”, along with the other “feel good” solutions result in another large hit to housing, these “well treated” homeowners who received a cram-down will again be blaming the bank for taking advantage of them.

]]> By: Terry Irmer http://firsttuesdayjournal.com/wells-fargo-%e2%80%98leading-the-way%e2%80%99-in-cramdowns/comment-page-1/#comment-52414 Terry Irmer Thu, 17 Dec 2009 11:21:51 +0000 http://blog.firsttuesdayjournal.com/?p=2117#comment-52414 About time someone got their head out of their (insert word). About time someone got their head out of their (insert word).

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