Relevant:
- Principal Reduction vs. Easier Mortgage Refinancing
- Principal Reduction Modification Math, by Rick Rogers, JD/MBA
- Bernanke to Lenders: Reduce Principal
- Foreclosure watch: Obama's program for 'underwater' homeowners has helped only 5,000
- Underwater Homeowners Down To a Third of Peak, But Remaining "Stuck" At Low End
2012-12-07 — northwestern.edu
"Too many people are excluded from modification eligibility and not enough people know about them," Rogers said. "It is like a well-guarded secret." He believes modifications need to be made easier and lenders need to reduce the amount some homeowners owe so they can keep their homes.
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