Topic: Lend America

A discussion of regional banking highlights Umpqua Bank as a superior alternative to Mechanics Bank in the Pacific Northwest. The segment includes anecdotes about the difficulty of obtaining loans despite having high equity and a story about Bank of America attempting to foreclose on a property that had no outstanding debt.

A Forbes report reveals that the government's "Homeowner Hope" program has only facilitated 51 loans despite hundreds of millions in funding. Of those 51 loans, 50 were made by a single company, Lend America, and are currently under federal investigation. The hosts characterize the program as a massive failure.