Posts Tagged ‘The Federal Reserve Bank of New York Staff Report’

Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA

Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA

This report will compare the Net Present Value (NPV), of standard Home Affordable Modification Program (HAMP), modifications with Principal Reduction Alternative HAMP (PRA HAMP) modifications. If the mortgage principal balance on a home exceeds 115% of its market value,... (Continue reading)


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