Why Are Banks Foreclosing? (via Foreclosureblues)

7 Nov

Why Are Banks Foreclosing? Why Are Banks Foreclosing? Yesterday, November 05, 2010, 12:12:18 PM | Kevin Drum Mike Konczal makes a familiar point today about the HAMP program, which was supposed to help reduce home foreclosures but, in fact, has accomplished close to nothing: Obama's Treasury team took a system that had a terrible design and doubled-down on it. Servicers aren't modifying mortgages. There's an active empirical debate we'll cover next week over whether or not … Read More

via Foreclosureblues

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