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Formerly Tight Subprime Lender To Give Back During MLB Playoffs
Oct 01, 2007 | 8:21AM | report this

ALAMEDA, California.  HomeQuest Financial, a subprime lender that has been cited for loan and foreclosure abuses in a number of states, today announced that it would set up a charitable fund tied to individual performances in baseball's postseason play as a way to give back to homeowners who have suffered during the current housing market collapse.

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"There's the hammer, it's going--going--gone!"

"We realize in retrospect that maybe we could have done things just a teensy bit differently," says HomeQuest CEO Martin Upchurch.  "If we had known people weren't going to repay our loans, we would have charged them bigger fees upfront."

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Don Larsen's World Series no-hitter.

Under the program, HomeQuest will donate $100 for every balk, $200 for every batter who hits for the cycle, and $300 for each no-hitter thrown during the post-season, beginning with today's NL Wildcard playoff game between Colorado and San Diego and ending with the final out of the World Series.

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"Peavey's got a no-no going into the 8th.  Don't jinx it by saying anything."

"It's a way for us to say 'Thank you' to all of those familes who vacated their over-leveraged houses peaceably so we didn't have to resort to extreme measures," Upchurch says.  "We really appreciate it when we don't have to rent German Shepherds to secure our properties."

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"That wasn't a balk.  Clemens started to pitch, then got bored and went home to Houston."

But, a reporter asks, balks, no-hitters and hitting for the cycle are extremely rare events, meaning that HomeQuest's exposure is minimal at best.  Does Upchurch really expect the dispossessed to benefit much from a program that is so narrowly tailored?

"Talk to the people in marketing," he says.  "I'm more of a big picture guy."

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GerbilSportsNetwork
Con Chapman is a Boston-area writer. He is the author of "The Year of the Gerbil: How the Yankees Won (and the Red Sox Lost) the Greatest Pennant Race Ever," a history of the 1978 AL East pennant race, and a number of plays, including "Number One Hockey Mom," "Please, Pope," and "What Mickey Belle Isle Told You," a trilogy about hockey (JAC Publishing). His work is available on Amazon Shorts (at 49 cents a dowload), and he writes on sports for Flak Magazine.
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