Surprise! Surpirise. I'm not sure why it has taken so long for the government to acknowledge this but now at least they know what we have known for quite some time. This atricle does not paint a very good picture for the program and once again points out that the lenders are not all that eager to use HAMP.
It makes me wonder that if the government cannot even get cooperation form the lenders for their "pet" project, how in the world are they going to begin to address any issues with Freddie and Fannie?
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