Making Home Affordable Program Not Working
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Fellow local blogger and awesome mortgage broker Alex Stenback has a great post explaining how few people are being helped by the Marking Home Affordable program, which has only helped 93,000 borrowers so far when original estimates suggested up to 7 million could be helped.
If we could do more successful loan modifications and short sales we would dramatically reduce the foreclosure problem in the future… more needs to be done at all levels to make this a reality.
