government: Amazing...Some Reps in Congress Actually Understand the Housing Crisis
- 07/07/10 07:51 AM
I watched a fantastic webcast of a House committee meeting where several bank and servicing company CEOs testified about their performance on HAMP loan modifications and other foreclosure prevention programs, including short sales. The entire webcast is about 2 hours but it's worth watching. I have to admit these Congressional House members knew what they are talking about and actually understand how horrible the process of working with these banks and servicing companies is for both homeowners and Realtors. They also tried to find answers on how to improve the pathetic HAMP program and come up with a streamlined process. I was impressed … (2 comments)
I watched a fantastic webcast of a House committee meeting where several bank and servicing company CEOs testified about their performance on HAMP loan modifications and other foreclosure prevention programs, including short sales. The entire webcast is about 2 hours but it's worth watching. I have to admit these Congressional House members knew what they are talking about and actually understand how horrible the process of working with these banks and servicing companies is for both homeowners and Realtors. They also tried to find answers on how to improve the pathetic HAMP program and come up with a streamlined process. I was impressed … (2 comments)
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