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Loan Modification

: Mortgage Lender Implode-o-Meter

Lawmakers slam top mortgage firms on loan mods

By Implode-Explode Heavy Industries

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"In 2009, the Obama administration announced the $75 billion Home Affordable Modification Program, known as HAMP, which provides incentives to loan servicers to modify loans for troubled borrowers. HAMP has been widely criticized as ineffective. Less than $200 million has been spent to date."

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2010 (boomark / email).

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