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Loan Modification

: Mortgage Lender Implode-o-Meter

Treasury Defends HAMP Again ? I Can?t Stop Laughing

By Implode-Explode Heavy Industries

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"Basically they say that HAMP cannot help people who have fallen off in their mortgages due to unemployment, and was designed for subprime buyers who were scammed in the marketplace or ended up with big rate resets. They?re implicitly saying that HAMP was designed for a housing market in March 2009 and not October 2010. But if that were the case, they wouldn?t be 90% off their expected totals."

Full post as published by Mortgage Lender Implode-o-Meter on October 16, 2010 (boomark / email).

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