Professor Eggert Quoted in Article on Foreclosure
January 27, 2012
Professor Eggert was quoted in an article on foreclosure in iWatch News. Stories from “the great recession” continue to be published as reporters across the country analyze the breakdown of mortgage companies, and how the lending industry’s collapse affects homeowners in foreclosure today. The author writes, “Much of the blame can be directed at a foreclosure machine created during the housing boom to deal with the mad rush of mortgage applications.” The article criticizes the “foreclosure machine” as one that prized efficiency over customer service, which resulted in frequent errors. Professor Kurt Eggert has written extensively about the industry and added, “They don’t want to spend enough money not to make mistakes.” Read more about the topic.