Sunday, March 15, 2009

Mortgage Desperation

First mortgage modification program may just help bank.

Housing Market Crisis Prompting Renewed Focus on Electronic Mortgages
"They have discovered that having the ability to securely post documents online within minutes after the borrower has been qualified for a loan program has ...
Details are vital in president's mortgage relief proposal
... in the modification program. And what happens to lenders who simply refuse to refinance or modify a borrower's loan under the president's plan? ...
What Would Horatio Alger Do?
"There is a lot of what appears to be illogic going on in the whole loan modification process," Strupp said. "My theory is that one of the reasons it isn't ..
Tags: Mortgage Desperation

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