Chris Arnold
👤 PersonAppearances Over Time
Podcast Appearances
And if that's able to work, you know, I think that would be really interesting. And I don't know if that's what's going to happen.
Well, yeah, I mean, absolutely. Either way that goes, I mean, there's just there's a lot hanging on that for so many, so many federal workers, obviously.
Well, yeah, I mean, absolutely. Either way that goes, I mean, there's just there's a lot hanging on that for so many, so many federal workers, obviously.
Well, yeah, I mean, absolutely. Either way that goes, I mean, there's just there's a lot hanging on that for so many, so many federal workers, obviously.
Absolutely. Thanks, Sue.
Absolutely. Thanks, Sue.
Absolutely. Thanks, Sue.
OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.
OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.
OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.
And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.
And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.
And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.
Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.
Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.
Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.
Yeah, thousands of people. And we did an episode back in May about a woman named Karen McDonough. She's a nurse who lives in Quincy, Massachusetts. And in the episode, we told how one morning she looked out her window and she was just shocked to see this group of men gathering on her lawn. And there was one guy who was like in charge with a clipboard.