principal reduction: Pluses and Minuses of the HAMP Program - 07/30/13 08:32 PM
The Home Affordable Modification Program (HAMP) has been something of a disappointment nearly from its inception. After loudly touting the program’s ability to help 4 million borrowers, the current administration was forced to concede it had barely helped a fraction of that number and some advocates and administrators in the program actually came right out and declared the program to be a failure. However, in recent months, there has been a lot of discussion about how HAMP is finally gaining momentum.  Hundreds of thousands of borrowers are getting the loan modifications that they desperately need. There is another, untold aspect of … (4 comments)

principal reduction: Principal Reduction in Loan Modifications - 07/02/13 05:21 PM
Well, it seems there is a bit of hypocrisy coming out of Washington for a little change of pace. President Obama announced his nomination of congressman Mel Watt (D-NC) for director of the Federal Housing Finance Agency (FHFA).  Many homeowners around the country were delighted by this selection because Congressman Watt has a history of supporting principal reduction in loan modification programs.
The hope is that he will continue this position during his tenure as head of the FHFA. Current acting director of the FHFA, Edward DeMarco, has refused to allow Fannie Mae and Freddie Mac to include principal write-downs in … (19 comments)

 
Paddy Deighan MBA JD PhD, Paddy Deighan J.D. Ph.D (http://www.medicalandspaconsulting.com)

Paddy Deighan MBA JD PhD

Paddy Deighan J.D. Ph.D

Vail, CO

More about me…

http://www.medicalandspaconsulting.com

Address: 770, Potato Patch Dr, Vail, COLORADO, 81657

Office: (877) 557-9669

Mobile: (949) 701-2192

Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement

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