2010-05-13ml-implode.com

Making Home Affordable was slated to be roughly a $380 billion federal program. So… if 50% of loan modifications re-default in a year, we are clearly spending a great deal of money, tens of billions of taxpayer dollars, unnecessarily. But… we waste half as much when the modified payment terms result in a monthly savings to the homeowner of at least 20%. So, the obvious question is…


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