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Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth
Written on 21 Feb, 2014 at 4:03
Once a mortgage is underwater… should you get hit with a life event such as a divorce, illness, injury, job loss or income reduction… you can’t sell your home… and you can’t borrow against it to help you get through... (Continue reading)
Tagged with: bank of america Bill McNabb citibank diana olick DOJ modification economic recovery economy Fannie Mae foreclosure crisis foreclosure devastated the African-American community foreclosures Freddie Mac HAMP HAMP 2 HAMP Tier 2 Home Affordable Modification Program jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis NACA Obama's Making Home Affordable Plan policy uncertainty trial modifications uncertainty
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