By Rob Chrisman

Posted To: Pipeline Press

Practically everyone has been involved in failed business ventures. Some go away entirely, but some try to bounce back. Anyone who has ever flown anywhere (like me: Nashville and San Jose last week, Sacramento and Denver this week) expects there to be a dogged-ear copy of SkyMall in the pouch in front of them. SkyMall declared Chapter 11 bankruptcy – but now is flying again (get it?) which provides an interesting quick case study in adapting an old business model to new times. Certainly lenders know a thing or two about that. Several groups & individuals have recently stated positions and lobbying efforts on various mortgage issues. Michael Stegman, the Treasury Department’s counselor to the secretary for housing finance policy, suggested at an industry conference that the Obama administration…(read more)

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Written by : Mortgage News Daily

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