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Loan Modification
: Mortgage Lender Implode-o-MeterFederal programs for troubled homes have limited success
By Implode-Explode Heavy Industries
Since President Barack Obama took office in January 2009, his administration has unveiled plans to modify and refinance mortgages and help unemployed and "underwater" borrowers stay in their homes.
While at least some of the initiatives have had limited success, they are widely considered confusing, bureaucratic and ineffective.
Full post as published by Mortgage Lender Implode-o-Meter on September 27, 2010 (boomark / email).
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