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Mortgage Modification Failure PDF Print E-mail
Monday, 04 January 2010 11:59
John Lounsbury submits:

An article New Year's day by Peter S. Goodman in The New York Times (here) discusses the Obama administration $75 billion MHA (Making Home Affordable) program. Bottom line, according to Mr. Goodman: It's an abject failure. He cites opinions of some economists and real estate experts that it has actually done more harm than good.

Some of the specific points:


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