HPDP Incentives Too Little to Raise Investor Enthusiasm for More Loan Modifications
August 7, 2009
The government’s Home Price Decline Protection incentive is a positive move to address investors’ concerns about loan modifications amid falling home prices, but the paltry amount may not spur investors to be more aggressive on modifications, analysts say. A component of the Home Affordable Modification Program, the HPDP would pay investors between 1 percent and 3 percent of...