Back to the Drawing Board for Home Loan Modifications – Loan Modification Help Center
Tags: 5 Million, Current Design, Drawing Board, Financial Institutions, Full Spectrum, Hasp, Home Affordability, Incentive Payments, Industry Experts, Jeff Merkley, Lenders, Loan Modification, Mortgage Industry, Mortgage Servicers, Nuances, Obama, Paperwork, Spring Congress, Stability Program, Working Families
A growing recognition that the Obama Administration’s Home Affordability and Stability Program (HASP) is not working in its current design has fingers pointed all over Washington D.C. trying to place blame on mortgage servicers, investors and the administration itself. At hearings this week in Washington, comments ranged from encouraging to total frustration as expressed by Senator Jeff Merkley (D-Ore.) who said, “It’s just hard to explain to the working families in America how it is we could move so fast with extraordinarily complicated deals with the huge financial institutions, and we are moving so incredibly slowly, mired in paperwork, in … Continue Reading