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Loan Modification

: Mortgage Lender Implode-o-Meter

Making Home Affordable Program? Treasury Finally Admits IT?S A DUD!

By Implode-Explode Heavy Industries

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?AFTER months of playing pretend, the Treasury Department conceded last week that the Home Affordable Modification Program, its plan to aid troubled homeowners by changing the terms of their mortgages, was a dud. The 10-month-old program is going nowhere, the Treasury said, because big institutions charged with implementing it are dragging their feet.?

Full post as published by Mortgage Lender Implode-o-Meter on December 08, 2009 (boomark / email).

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