Answered By: Peter Z McKay Last Updated: Oct 29, 2014 Views: 88
Answered By: Peter Z McKay
Last Updated: Oct 29, 2014 Views: 88
Yes. He has testified before Congress and has forced major banks to work with struggling homeowners. There are stories about him on CBS, ABC and in the WSJ. Activist Financier 'Terrorizes' Bankers in Foreclosure Fight James R. Hagerty, Ruth Simon. Wall Street Journal. (Eastern edition). New York, N.Y.: May 20, 2009. pg. A.1 Abstract (Summary) Instead of relying on credit scores, he thinks lenders should look into the reasons for any late payments in prospective borrowers' past and prepare renters for the responsibilities of home ownership. Having to use a single interest rate for all would make banks less likely to lend to people with blemished credit records, says Richard Riese, an executive at the American Bankers Association.