Unfairness to Homeowners Blocks Recovery – Outside the Box – MarketWatch

What the middle-class has been offered, instead, are toothless loan-modification programs. Beneath the hype, these programs are nothing but an organized way for the middle-class to beg for charity. Since banks are not charities, it should surprise no one that lenders put applicants for loan modifications through hell and modify few loans. — more —

via Unfairness to homeowners blocks recovery – Outside the Box – MarketWatch.

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