A Lifeline for Homeowners? Not Really

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A Lifeline for Homeowners? Not Really

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John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”

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TAGS: banks economy foreclosure housing crisis loan modification obama tarp

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By Payday Loans, July 11, 2010 at 8:00 pm Link to this comment

Yes it is troubled primarily as individuals receive the loan as a trial and then following six months of the lenders receiving interest, advise the borrowers their modification is not approved. This is outrageous and seriously flawed.

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