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Loan Modification
: Mortgage Lender Implode-o-MeterPrincipal Reduction Modification Math, by Rick Rogers, JD/MBA
By Implode-Explode Heavy Industries
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``It?s encouraging that some Lenders have issued PRA [Principal Reduction Alternative] HAMP modifications with large principal reductions. That suggests those few Lenders understand the economic advantage of PRA HAMP, but it?s too early to tell how many will embrace the concept and actively participate.''Full post as published by Mortgage Lender Implode-o-Meter on February 27, 2011 (boomark / email).
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