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Loan Modification
: Mortgage Lender Implode-o-MeterAn Odd Way to Measure the Success of Mortgage Mods
By Implode-Explode Heavy Industries
The Obama administration has an odd way of assessing the results of its $50 billion Home Affordable Modification Program, or HAMP.
When the program was announced a year ago, the administration said it would ?offer reduced monthly payments for up to three million to four million at-risk homeowners,? people in danger of losing their homes to foreclosure. That phrase, though qualified by the words ?up to,? set high expectations.
Full post as published by Mortgage Lender Implode-o-Meter on March 16, 2010 (boomark / email).
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