Relevant:
- California’s $2 Billion Home Rescue Program… Here’s How Stupid They Think We Are.
- Principal Reduction Modification Math, by Rick Rogers, JD/MBA
- Loan Modification Process Improving at BOA and Other Servicers
- Geithner's Math Puzzle Beyond Numbers for DeMarco: Mortgages
- BofA offers 30,000 borrowers $4.75 billion in principal reductions
2011-03-09 — ml-implode.com
``So, there's the $25 billion for principal reductions... but Josh the amount of money is clearly inadequate, and I can't understand why... I mean, by my calculations it comes to… let's see here... seven minus four... divided by nine... carry the three... about $8,000 per household, could that be right? That seems awfully generous, doesn't it? I better get someone to check my math, as I'm all a flutter when it comes to numbers… LOL.''
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