‘Drag Me to Hell’ Turns Home Lending Into Horror Show (Update1) – Bloomberg.com.


Yes, it is my solemn duty to defend my profession from Hollywood

The Cannes Film Festival hosts a midnight screening of “Drag Me to Hell” this month amid public rage at home lenders that led to U.S. hearings about their role in the housing collapse. The industry opposed letting bankruptcy courts modify mortgages to help about 1 million Americans keep their homes. Foreclosure filings set a record in April, according to RealtyTrac Inc.

“How did it get this far?” said Grant Stern, mortgage broker and president of Morningside Mortgage Corp. in Bay Harbor Islands, Florida, who was laughing as he viewed the movie trailer online. “We’re not that bad.”