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…

Comments: Be the first to add a comment

add a comment | go to forum thread