Comments on: How Treasury spins its mortgage-modification figures A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: Jeff Trexler Tue, 01 Sep 2009 10:19:17 +0000 The great subprime crisis left all of us in a bay of fire. However it seems that things are getting better. Home Affordable Modification Plan actually seems a ray of hope, but really can’t say how effective its application would be. To qualify for it, in itself is little bit difficult. I felt that this plan suggest minimum standards and not a maximum.

Another exciting plan could be Eco towns. Well these townships provide a healthy living style and curb the cost of carbon emission as well. So investing in Eco towns would help saving cost on carbon emission, healthcare cost and also the HAMP.

This is awesome!!!

By: Kelli K Tue, 04 Aug 2009 17:12:26 +0000 Servicers are starting to come out and say why HAMP is failing (and will continue to fail). Matt Padilla at the OC Register has the story ( 9/08/04/loan-servicer-says-foreclosure-r escue-plan-is-costly/14901/).

In a nutshell, the servicers have to keep paying out to the investors during the 4 month trial/grace period required by the admin. In exchange, they get $1,000. If they foreclose they continue to get their fees and the losses are eaten by the investors.

My question is, how could the experts in the administration have gotten all this so wrong, and how are they going to “fix” it?