by Moe Bedard
The oversight panel argues in a recent report that the Treasury’s current mortgage modification program focuses on the problem evident early in the financial crisis – subprime mortgages that people can’t afford. Panel member Richard Neiman said the second wave of foreclosures is coming more from a loss of income and unemployment.
“The mortgage crisis may [...]
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by Moe Bedard
Millions of homeowners are struggling to make their monthly mortgage payments and the continued deterioration in the job market guarantees millions more will be at risk in the coming months.
That is putting a huge burden on mortgage-modification programs, both those run by the government and an increasing number operated by private industry, which are in [...]
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