Jann Swanson wrote an interesting post today on
Here’s a quick excerpt
Mortgage
loan modifications completed through HOPE
NOW, the voluntary, private sector alliance of mortgage servicers, investors,
mortgage insurers and non-profit counselors, totaled 81,351 in February, a 6
percent increase from modifications done in January. Proprietary modification accounted for 65,965
of the modifications and 15,386 were done through the Home Affordable Mortgage
Program (HAMP.)
Loan modifications completed via
proprietary programs with fixed interest rates of five years or more accounted
for 92 percent of all modifications in February and those with reduced
principal and interest monthly payments accounted for…
…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Share and Enjoy:
Read the rest of this great post here