by Moe Bedard
The Obama administration is busy touting the burgeoning success of its mortgage modification program. Unfortunately, it’s a farce: Out of one side of his mouth, the President touts a dedication to the besieged middle class, while from the other, lauds a loan modification program which steals money from struggling homeowners in favor of banks – [...]
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by Moe Bedard
The number of homeowners getting help from the government’s massive foreclosure program is growing, according to data released Tuesday, but it is unclear how many of these borrowers might still lose their homes.
Under the effort, called Making Home Affordable, lenders are paid to lower a borrower’s mortgage payments. The program has struggled since its launch [...]
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