Administration Plan to Boost Permanent Mods Gets Cool Reception from HAMP Stakeholders
December 3, 2009
The Obama administration’s newly announced strategy to get more trial loan modifications into permanent resolutions is getting a mixed response from stakeholders, particularly those clamoring for a much bigger role for housing counselors in the government’s Home Affordable Modification Program. Increasingly frustrated by HAMP’s low trial-to-permanent modification results, the administration...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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