2010-07-26 — housingwire.com
"There is no other way to say this: we’re being lied to. Willfully. Anyone who managed to read headlines around the U.S. Treasury's latest HAMP report card last week would likely have thought the program a huge success –- with more than one media outlet trumpeting impossibly miniscule re-default rates among permanent HAMP mods."
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tvsterling at 07:35 2010-07-27 said:
OK, I'll ask the obvious question & then answer it. Why are they cooking the books like this. Obvious answer, they are very desperate to claim stability in the housing market so that all those inflated mortgages aren't popped & deflate back to the actual fair market value of the property. Wealth creation in reverse. No one can or will buy at the bubble values & the government can only hold up the sky for so long. This time Chicken Licken is right, the sky is falling. Permalinkadd a comment | go to forum thread
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