Professor Kurt Eggert was quoted in a story in the Orange County Register on “How Citi bailed out an O.C. subprime lender,” regarding an infamous Orange County subprime lender who was given a loan modification on a home loan even though many of his borrowers had trouble receiving loan modifications. In discussing why Citibank received bailout money and this lender got a loan modification from Citi, when others do not, Professor Eggert stated, “It’s poetic justice that Citi was in bed with this guy and they’re stuck with him….But why is it so hard for regular Joes to get loan mods when this guy, who seems like a terrible loan risk, can do it?” Read story…