Posts Tagged ‘modifications’Keepin’ It Real Estate: Trial Modifications Are CriminalThis post first appeared on Minyanville. The Obama administration is busy touting the burgeoning success of its mortgage modification program. Unfortunately, it’s a farce: Out of one side of his mouth, the President touts a dedication to the besieged middle class, while from the other, lauds a loan modification program which steals money from struggling [...] The Mortgage Rescue Plan: Will It Work?By ANDREW JEFFERY This post first appeared on Minyanville. The answer? An emphatic no. This is simply the latest example of legal plunder perpetrated by the federal government against law-abiding, tax-paying citizens. The Obama administration’s scheme to help troubled borrowers centers on subsidizing interest payments, which would help borrowers make ends meet without angering those [...] |