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Loan Modification

: Mortgage Lender Implode-o-Meter

The second lien sticking-point

By Implode-Explode Heavy Industries

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"As a reminder, the Home Affordable Modification Plan aims to help keep people in their houses primarily by lowering interest rate payments. It?s not had a lot of success so far, so people are starting to look at possible ways to rejig the programme. One of those is principal forgiveness, instead of just forbearance, for underwater homeowners."

Full post as published by Mortgage Lender Implode-o-Meter on February 05, 2010 (boomark / email).

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