Loan Mods: Just Another Exotic Loan?
In the middle of October, we wrote two blog posts that seriously called into question the effectiveness of the Home Affordable Modification Program (HAMP). In addition to magnifying the program’s inabilities, our two articles also highlighted a wealth of HAMP’s “unintended consequences.” While the two articles addressed different specifics, the general theme behind them both was the same: HAMP is flawed.
Are Loan Mods Destroying the Mortgage Industry?
Update1 Is it Time to Modify Modifications?
