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Loan Modification

: Mortgage Lender Implode-o-Meter

TARP Oversight Panel Say Obama Mortgage Program Ineffective

By Implode-Explode Heavy Industries

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"The Congressional Oversight Panel that keeps track of the TARP has a message for the Administration: The home loan modification program is moving so slowly that it cannot come close to matching the rate at which mortgages fall into default. In its April report, the body said that Home Affordable Modification Program was not working."

Full post as published by Mortgage Lender Implode-o-Meter on April 15, 2010 (boomark / email).

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