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Loan Modification

: Mortgage Lender Implode-o-Meter

homesaver advance? not so much

By Implode-Explode Heavy Industries

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What?s in a name? HomeSaver Advance, a loss mitigation program offered by Fannie Mae, sounds like a pretty good deal.

So why is it that performance on the February through April offerings of such loans displayed a re-default rate of nearly 70 percent?

Full post as published by Mortgage Lender Implode-o-Meter on May 21, 2009 (boomark / email).

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