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Loan Modification

: Mortgage Lender Implode-o-Meter

Delays Hurting Effectiveness Of The Home Affordable Modification Program

By Implode-Explode Heavy Industries

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"Despite implementing more than 405,000 trials through November 30, 2009, analysts remain critical of the effectiveness of the US Home Affordable Modification Program (HAMP). Many loans in the government sponsored enterprises (GSEs) portfolios are enrolled in HAMP, or other foreclosure prevention relief programs, but continue to remain in delinquent status for many months."

Full post as published by Mortgage Lender Implode-o-Meter on January 11, 2010 (boomark / email).

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