Government, Mortgage Industry Offer Counter-Offensive on Loan Modifications

By: Tuesday July 5, 2011 7:38 am

Some stories over the weekend collectively add up to a counter-offensive about both government and private industry’s impotence in the face of the foreclosure crisis.

 

HAMP II: The $20 Billion Get Out of Jail Free Card

By: Sunday February 27, 2011 1:25 pm

For the low, low price of $20 billion, the Administration proposes, banks could be excused for the abundant mortgage fraud they’ve committed. But $20 billion won’t even begin to compensate those victims of fraudulent appraisals for the fraud committed on them.

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