Comments on: Mortgage modifications done right http://blogs.reuters.com/felix-salmon/2010/12/10/mortgage-modifications-done-right/ A slice of lime in the soda Wed, 22 May 2013 01:01:25 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: LadyGodiva http://blogs.reuters.com/felix-salmon/2010/12/10/mortgage-modifications-done-right/comment-page-1/#comment-21794 LadyGodiva Fri, 10 Dec 2010 19:43:23 +0000 http://blogs.reuters.com/felix-salmon/?p=6515#comment-21794 There is a vast chasm between borrowers and lenders/servicers--perhaps more accurately, borrowers are at the bottom of the chasm. At any rate, an org like ESOP can bridge the gap and give borrowers a fighting chance. But, Felix, what are the odds that thousands of ESOPs will spring up over the next few months ready to do battle with Citi, BofA, et al? Zero. There is no will on the part of govt to solve this problem or even explain why it should be solved. The bleeding will continue until morale improves... There is a vast chasm between borrowers and lenders/servicers–perhaps more accurately, borrowers are at the bottom of the chasm. At any rate, an org like ESOP can bridge the gap and give borrowers a fighting chance. But, Felix, what are the odds that thousands of ESOPs will spring up over the next few months ready to do battle with Citi, BofA, et al? Zero.

There is no will on the part of govt to solve this problem or even explain why it should be solved. The bleeding will continue until morale improves…

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