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Loan Modification

: Mortgage Lender Implode-o-Meter

Sen. Merkley's Proposal Seeks to Bring Back First Time Homebuyer Tax Credits, Simplify Loan Mods and Provide BK Judges With Cram-Down Power

By Implode-Explode Heavy Industries

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"Oregon Sen. Jeff Merkley has written a letter to President Barack Obama urging a greater focus on helping families stay in their homes and avoid foreclosure. In the letter, Merkley stressed that a strong housing market is essential to future job creation. Sen. Merkley noted the shortcomings of the Administration?s Home Affordable Modification Program (HAMP) program in securing mortgage modifications for families facing foreclosure and called for a renewed focus on repairing the battered housing market. More than 300,000 foreclosures have been filed against American families each month for the past 20 months."

Full post as published by Mortgage Lender Implode-o-Meter on February 01, 2011 (boomark / email).

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