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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Why This Slump Is Different. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Why This Slump Is Different
by bucy at 6:49 pm EDT, May 1, 2007

Don't call them bill collectors. Today, the industry has a softer term, "debt counselors," for the swelling ranks of people who are pounding the pavement trying to stem the tide of mortgage foreclosures. Says Steve Bailey, senior managing director at mortgage giant Countrywide Financial Corp. (CFC ), who oversees the company's $1.4 trillion portfolio: "You need to keep the revenue stream flowing and keep hope alive."


 
 
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