HAMP

Revisiting the Legacy of HAMP in a Great Contraction World

(Source: Seeking Alpha) – It looks like the term “Great Contraction” is taking off to describe the debt overhang problems in the economy. Here’s Kenneth Rogoff with a commentary piece titled The Second Great Contraction:


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Mortgage Modification Obstacles ‎

(Source: Florida Times Union) -My brother, Stephen, says that a mortgage modification is always better than a foreclosure because of the stability and security it brings to the homeowner’s life.  That is a wet blanket statement if the circumstances are [...]


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Differing Views of Mortgage Relief

(Source: The Philadelphia Inquirer By Alan J. Heavens) – The Obama administration spent last week defending its two-year-old efforts to reduce foreclosures through mortgage modification and related programs as congressional Republicans ramped up pressure to cut them out of the [...]


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